The Japanese economy continues to weaken and a recession is now the main consensus. The country’s trade balance, which was long in surplus, is now moving deeper and deeper into deficit and the third quarter numbers almost certainly will show contraction, and these are more than likely to be followed by another set of negative readings for Q4
Japan Edges Towards the Cliff
Posted in Asia, Fiscal Policy, Global Economy, Japan, Monetary Policy on November 2, 2012Indonesia’s Current Account Deteriorates on a Slump in Exports
Posted in Emerging Markets, Featured, Global Economy on August 14, 2012In principle, a negative current account should not be a problem for Indonesia given the economy’s strong demographic profile, but the slump in external demand will expose the strong credit growth in the domestic economy
