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.

SoberLook.com

From our sponsor:

www.SoberLook.com

—-
Shared via myfeedlyreader

Deja una respuesta

Tu dirección de correo electrónico no será publicada. Los campos obligatorios están marcados con *

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