Japan posts record trade deficit of ¥19.97 trillion in 2022

Japanese authorities intervened in the currency market to stem the depreciation.

Which in effect did nothing at the time, except drawn down the foreign currency reserves that the BOJ holds.

I believe the yen only appreciated by 2 or 3 yen, and then only for a few days!

Japanese trade deficit is this plan under Japan's new capitalism? Just print more and more money ?

https://www.japantimes.co.jp/news/2022/10/12/business/kishida-new-capitalism-no-progress/

Japan constantly forgets the "lost decade" and how we got there, save for always lamenting the bubble burst in the end, of course.

Junichi Makino is surely jesting if he thinks that fuel will drop in price.

If he hasn’t noticed, the number of humans on the planet is at a record high…

And they still want to through money away buying useless weapons...

With the deteriorating economy/industry/ aging shrinking demographic and a stubbornly dovish central bank, wondering the future of the yen!!

And Kishida wants to splash out on US arms!

Lots of money for useless American weapons though eh while the commoners scrimp and struggle...smh.

@Bob that's right!

@Eastman Speak for yourself don't blame someone else for your failures. We all pay taxes crying isn't going to help perhaps voting will if you feel the LDP is selling you out!

but at the end all of us are more poor...paying more for everything,sponsoring by our taxes many kinds of LDP businesses and paying dearly for new outdated US weaponry....

Unlike those places which over-relied on currency debasing, bubble stoking 'free money' for fear of blowback were they to insist on anything more than austerity lite, Japan's fiscal recklessness has largely spared the real economy. Covid "freebies' were few and far between, wages have been kept static, housing is not the destabilizing force it is elsewhere. In short, Japan’s modus operandi of doing little and waiting for the world to spin is not necessarily the worst policy option. Implicit in the yen's rebound is an understanding that the country has done a better job of keeping a lid on costs and ensuring it remains globally competitive.

And keep wasting more and more money in US terrorist weapons, pathetic..

This is worth reading, the corporate "zombies" of Japan

https://www.ft.com/content/994ef667-84da-4ccc-8921-b8db81576751

If a war in Taiwan happens soon, Japan will be the next Ukraine.