Charts Of The Day: Japanese Yen, Australian Rates

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Japan officially ran its first annual trade deficit since 1980 last year, according to finance ministry data. The country's merchandise trade shortfall came in at a provisional JPY2.49trn in 2011 - a remarkable turnaround from the JPY6.63trn surplus clocked in the previous calendar year - and the key question for investors going forward is whether the trend of trade deficits is here to stay. As outlined last week