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Japan logs record ¥2.58 tril current account surplus in October

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A lot of positive economic news this week, from Japan and the US. It's looking more and more likely they will be able to achieve soft landings as they return to pre-covid normality.

0 ( +3 / -3 )

The weak yen and restrictions lifted makes a lasting economic recovery?

I don’t think so.

I see lots of Asian tourists walking around but not with laden shopping bags.

A sure sign of a recovery is when Japanese tourists start taking foreign trips.

I don’t see planes with many Japanese now.

I don’t hear Japanese at duty free shops.

In arguably the most affluent of Kansai, I know an EFL teacher who’s income is a third now compared to pre Covid.

People are less interested in foreign languages.

The school owner wants to sell due to lack of interest.

On a macro level the population is aging fast and not taking international trips.

Subsidies for the elderly are increasing and GDP is falling.

Where is long term growth going to come from?

0 ( +6 / -6 )

if that rich how about to lower country debt?

-1 ( +3 / -4 )

I am not sure about Japan. The revised figure for Q2 economic growth showed a fall of 2.9%. The main reason is the decline in consumer spending, which is not a real surprise as inflation-adjusted wages fell for the 19th consecutive month (-2.3%). It is time for the Bank of Japan (BOJ) to stop creating inflation since companies are not increasing wages anyway. The BOJ cannot have influence on wages, but it can on inflation. It's time to hike rates. Fortunately, it seems that we are getting close to it.

3 ( +4 / -1 )

JeffLeeToday  08:19 am JST

A lot of positive economic news this week, from Japan and the US. It's looking more and more likely they will be able to achieve soft landings as they return to pre-covid normality.

I am not sure about Japan. The revised figure for Q2 economic growth showed a fall of 2.9%. The main reason is the decline in consumer spending, which is not a real surprise as inflation-adjusted wages fell for the 19th consecutive month (-2.3%). It is time for the Bank of Japan (BOJ) to stop creating inflation since companies are not increasing wages anyway. The BOJ cannot have influence on wages, but it can on inflation. It's time to hike rates. Fortunately, it seems that we are getting close to it.

1 ( +2 / -1 )

The BOJ cannot have influence on wages

Trying telling them that… apparently printing money will boost real wages… in their minds…

1 ( +3 / -2 )

Where is the long term future growth coming from?

-1 ( +3 / -4 )

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