For the second month in a row Japan has posted a huge trade deficit.  Not only that, it’s the second highest deficit since January 2009.  Preliminary reports say Japan’s May trade deficit hit $10 billion.

The March 11 natural and nuclear disasters are to blame.  Japanese economist are blaming increasing imports of oil and gas for power generation, since many of Japan’s nuclear plants went off line.  Also, the loss of electricity to run factories, and damage to other factories, resulted in huge reduction of exports.

Japan’s almost total reliance on nuclear power, and the ongoing efforts to deal with a nuclear disaster, coupled with the fatally flawed practice of “just in time” supply system for factories, means this economic situation could continue into next year.