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Japan Trade Deficit hits Record as Yen Collapses
Japan's Collapsing Currency Is Causing its Trade Deficit to Skyrocket
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Japan's not doing too hot these days. Their currency is collapsing and at the same time, they're experiencing a record spike in their trade deficit. Now, for Japan, this is a big deal. It's not like the United States where a trade deficit is just the norm and what we expect to always have every single year for decades and decades.
No, in Japan, they usually have a trade surplus. So, the fact that their currency has collapsed owing as well as almost failing in their bond market by trying to peg their government bond rates in a range, their yield curve control with that also feeling and now their trade deficit spiraling out of control. Japan is not looking too good these days.
Timecodes
0:00 Video Overview
0:49 Intro
0:57 Japanese Yen on a Steady Decline
2:09 Japan's Trade Deficit at an All Time High
3:42 Energy Plays a Big Part in Japan's Struggle
4:58 Outro
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