Sunday, February 9, 2014

Japan's current account firmly in the red

Japan's current account continues to deteriorate, with the December number coming in below expectations - hitting a new low. For the whole of 2013 Japan showed the lowest surplus on record.

Source: Investing.com

Energy imports and weaker yen continue to be the key culprits. Should oil prices rise further, the nation's deficit could worsen.
Bloomberg: - The yen’s slide and increased demand for foreign energy due to nuclear plants closures are causing imports to outstrip exports. A surplus in overseas investment income is staving off the risk of a sustained deficit that could undermine investor confidence in a nation with the world’s largest debt burden.



SoberLook.com
From our sponsor:
Related Posts Plugin for WordPress, Blogger...
Bookmark this post:
Share on StockTwits
Scoop.it