Given this situation, Japan is likely no longer a net purchaser of US Treasury debt.
Monday, November 05, 2012
Japan consistently running trade deficits
This chart of Japan's trade balance shows consistent deficits roughly since the Fukushima catastrophe.
Since practically all of the country's nuclear power generating capacity has been shut down, the country has been reliant on oil and natural gas imports, which contribute to the negative trade balance.
Given this situation, Japan is likely no longer a net purchaser of US Treasury debt.
Given this situation, Japan is likely no longer a net purchaser of US Treasury debt.
Japan can still print, LOL
ReplyDeletehttp://www.treasury.gov/resource-center/data-chart-center/tic/Documents/mfh.txt shows their UST is up ~20% -- $200B -- since Aug 2011.
Excellent point, Fred.
ReplyDeleteGiven Japan's long-term demographic decline, they will increasingly become a net importer.
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