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© Copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.Japan logs 1st trade surplus in nearly 3 years on cheap oil
By Elaine Kurtenbach TOKYO©2024 GPlusMedia Inc.
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divine intervention
Please give me all that "toilet paper" that you have.
MGigante
@jerseyboy --
Who cares if the US is in an unfair trade situation (which I do not think it will be in, anyway) if Japan can benefit from this trade agreement?
As if those poor, innocent US multi-nationals are lambs awaiting slaughter by Japanese companies, anyway.
Wakarimasen
Cue even more weakening of the yen.
fxgai
All things being equal, the trade balance in surplus for a change suggests some of the negative bias for the yen is coming off (thank the heavens for the shale energy revolution in the US).
But with the BOJ monetary policy spigots still wide open, the government spending money like they think it is going to become worthless, along with pension funds moving into "risky" non-yen denominated assets, I suspect the yen might still weaken somewhat, but not because of the trade balance moving into surplus.
So you can dump it yourself instead? Very clever!
jerseyboy
But let's dig our heels in on any concessions on agricultural products as aprt of TPP, so Japan could get an even bigger share of the world's largest economy in return. Completely stupid and short-sighted.
Nessie
More devaluation. Good news if you're short on toilet paper.