Japan Daily- Current account surplus declines in August


[Skip to the end]

Unwinding of yen borrowings/shorts is also an increase in what I call ‘savings desires’, and drives the trade gap out of surplus towards deficit.

Japan doesn’t like it but it is an improvement in real terms of trade.

The appropriate fiscal response is to move to sustain domestic demand.

Highlights:

Highlights

Current Account Surplus Down 52.5% In August


[top]

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

*