tag:blogger.com,1999:blog-2175221250397068442.post447643704909006258..comments2023-09-20T14:49:49.816+02:00Comments on fasesdelabolsa: U.S. December budget surplus $53 billion Billiehttp://www.blogger.com/profile/10170799879562687416noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-2175221250397068442.post-78905866330133106622014-01-14T04:14:48.256+01:002014-01-14T04:14:48.256+01:00By Eleanor Warnock
TOKYO — Japan’s current acco...By Eleanor Warnock <br /> <br />TOKYO — Japan’s current account posted its largest deficit on record in November, as a weaker yen pushed up import costs but failed to give a strong enough boost to exporters. <br /><br />The deficit in the current account stood at ¥592.8 billion ($5.75 billion) before seasonal adjustment, the Ministry of Finance said Tuesday. That is the biggest deficit on record since comparable data became available in 1985. The figure was much wider than the ¥380.0 billion deficit forecast by The Wall Street Journal and the Nikkei. <br /><br /><br /> <br />Bloomberg <br /> <br />The account is calculated as the broadest balance of Japan’s trade in goods and services and investments with the rest of the world. The deficit is proof of a structural change in Japan’s position — from an export powerhouse to a net importer of goods. <br /><br />Economists looking at the figures said the deficit reflected a rise in domestic demand as consumers seek to stock up on goods before higher prices come on stream in April due to a scheduled increase in the sales tax to 8% from the current 5%. <br /><br />“Domestic demand has strengthened ahead of the sales tax hike, pushing up imports. This is likely to continue until March,” said Takeshi Minami, chief economist at Norinchukin Research Institute. <br /><br />“Current accounts are likely to return to positive after March although we will likely continue to see trade deficits,” he added. <br />geniopolis.nethttps://www.blogger.com/profile/11496455762705098909noreply@blogger.com