Japan’s current account firmly in the red

Japan’scurrentaccountfirmlyinthe red

// Sober Look

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.


From our sponsor:


Shared via myfeedlyreader

Deja una respuesta

Tu dirección de correo electrónico no será publicada.

Este sitio usa Akismet para reducir el spam. Aprende cómo se procesan los datos de tus comentarios.