current account
Difficult Session in Asia but European Markets Are Higher
September 10, 2018
Share prices fell 1.4% in Hong Kong, 1.2% in China and India, 1.1% in Taiwan, 0.7% in New Zealand, and 0.4% in Indonesia and Singapore. The Japanese Nikkei rose only 0.3% despite a significant upward revision of second-quarter GDP growth in that economy. Equities in Europe, by contrast, have advanced in today’s session so far […] More
How the U.S. Current Account Deficit Was Funded in 4Q10 and 2010
March 16, 2011
The table below compares funding of the U.S. current account deficit in 4Q10 to the three prior quarters and its funding in calendar 2010 to 2009. The deficit narrowed to 2.9% of GDP in 4Q from 3.4% in the two prior quarters but widened to 3.2% in 2010 from 2.9% in 2009. The 2008 current […] More
Can Japan Compete at Current Yen Levels? It’s Quite Plausible.
September 13, 2010
An article in today’s Financial Times by Mure Dickie and Lindsay Whipp questions whether yen intervention would be effective, let alone appropriate. Japanese exporters increasingly complain that it has become difficult to make a profit at present yen levels. At last week’s highs, the yen equaled 83.35 per dollar, 49.0% stronger than a low of […] More
