Skip to comments.Japan on course for longest run of trade deficits
Posted on 09/17/2013 10:44:36 PM PDT by TexGrill
Japan is on course for its longest run of trade deficits, effectively marking the end of the nation's decades-long reliance on exports from the likes of electronics giant Sony and automaker Toyota as a driver of growth and income.
Trade figures due on Thursday are likely to show that Japan produced its 14th consecutive deficit in August, matching a 1979-1980 record run during the global oil shock. Economists say the deficits will continue.
When Prime Minister Shinzo Abe's reflationary policies weakened the yen after he took power last December, many economists had anticipated a so-called J-curve effect, where a spike in import costs would over time be more than offset by gains in exports.
(Excerpt) Read more at cnbc.com ...
Deficit that can be wiped out simply by turning back on the nuclear power plants. But it certainly must burn some that of current tech, they rule with a pious car and nitch handheld games.
But....But....Free Trade Communists always claimed that “trade deficits don’t matter”
Guess they were wrong....again
Japan continues to crash because they went from manufacturing to trading.
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