While hopes of the J-Curve recovery in the deficit are long forgotten in the annals of Goldman Sachs history, silver-lining-seekers will proclaim the very modest beat in tonight’s Japanese trade deficit a moral victory for a nation whose economic data has been nothing but abysmal for months. However, the near $1 trillion Yen deficit is the 44th month in a row as exports to US and Europe rose modestly in Yen terms but dropped to China and US in volume terms.
Published in TZ Latest News 19 November, 2014 by The TZ Newswire Staff
Japanese Trade Deficit Streak Hits Record 44 Months, Yen & Stocks Decoupling
Published in TZ Latest News 19 November, 2014 by The TZ Newswire Staff
Japanese Trade Deficit Streak Hits Record 44 Months, Yen & Stocks Decoupling
While hopes of the J-Curve recovery in the deficit are long forgotten in the annals of Goldman Sachs history, silver-lining-seekers will proclaim the very modest beat in tonight’s Japanese trade deficit a moral victory for a nation whose economic data has been nothing but abysmal for months. However, the near $1 trillion Yen deficit is the 44th month in a row as exports to US and Europe rose modestly in Yen terms but dropped to China and US in volume terms.