Japan Daily- Current account surplus declines in August
October 15, 2008 at 08:35 AM EDT
[Skip to the end] Unwinding of yen borrowings/shorts is also an increase in what I call ’savings desires’, and drives the trade gap out of surplus towards deficit. Japan doesn’t like it but it is an improvement in real terms of trade. The appropriate fiscal response is to move to sustain domestic demand. Highlights: Highlights Current [...]