"We'd like to mention a pressing issue for Australian shares; thelooming fiscal crisis in Japan. Yes, you heard us correctly. The next domino to fall in Europe is Japan.
Japan's current account deficit went negative in January for the first time since 2009. The single-biggest reason Japan is now running a deficit is that it's entered what some are calling an "energy death spiral". Imports of Liquefied Natural Gas (LNG) are up by 74%. This is the energy shock directly related to Japan's nuclear power plants going off line following last year's triple disaster."
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