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Japan's FY2021 current account surplus shrinks 22% on fuel price rise

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Number overload! Seems generally good news…

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It's self-inflicting for Japan to have kept suspending the operation of nuclear power plants without a valid reason. Almost all plants have been thoroughly inspected and approved by security agency officials.

The cheaper yen won't serve the economic recovery unless Japan continues to remain closed off foreign visitors.

-1 ( +2 / -3 )

It's self-inflicting for Japan to have kept suspending the operation of nuclear power plants without a valid reason.

There is a very valid reason, it's called the Ring of Fire.

Almost all plants have been thoroughly inspected and approved by security agency officials.

Yeah well Fukushima Daiichi was also thoroughly inspected and approved until 2011 happened.

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Yet the ordinary Japanese still continues to eat and check their mobile phones in their trucks and vans while the motor is idling away.

People are oblivious to the waste that goes on right under their noses as well as how the air quality deteriorates.

It’s when I see (and smell) this, I know any real pain has yet to be felt…

-3 ( +2 / -5 )

Go to the supermarket before closing and there is a stampede of customers hunting half price food. Because of…

-4 ( +1 / -5 )

I forgot to mention the long lines of taxi drivers doing the same thing and the truckers sleeping in parking areas overnight running engines for 5-6 hours.

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In March alone, Japan logged a current account surplus of 2.55 trillion yen, marking the second consecutive month of black ink, helped by an expansion in primary income, which reflects returns on overseas investments.

Primary income in the month increased 1.40 trillion yen from a year earlier to register a surplus of 3.26 trillion yen, lifted partly by the weaker yen boosting dividends from overseas companies.

Another example that shows the weaker yen helps Japanese economy.

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Pretty good news. Things appear to be getting gradually better.

Exports grew 25.1 percent to a record 85.50 trillion yen, lifted by a 33.9 percent increase in semiconductor-manufacturing equipment shipments that reflected booming global chip demand.

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Things appear to be getting gradually better.

Gradually? BoJ must be salivating at the prospect of finally reaching inflation target, AND restart export industries. No pain, no gain. I just hope it's not going to race off and once again leave asset poor people behind like during Heisei.

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The Russian war has nothing to do with Biden's war on energy. Canceling oil leases and pipelines is what takes a toll on oil future prices. FJB

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