![]() It includes service trade and interest income earned abroad. ![]() The "current accounts balance" is a truer reflection of a nation's performance in the world market- place. A merchandise deficit, moreover, typically is offset by other factors such as revenues paid by foreigners for banking, insurance, and other services. A mechandise trade deficit as such is not 'necessarily a problem-a net inflow of goods often accompanies a country's economic expan- sion. ![]() There is widespread confusion, however, about the actual meaning of the trade statistics. economy, consumers, and workers.Ĭoncern over the trade deficit with Japan is in part a reaction to its overall size. The trouble is that these proposals would be very costly to the U.S. The U.S.-Japanese trade gap - has'provoked strong emotional reactions in Congress and a torrent of protectionist proposals. global trade deficit is likely to hit $150 billion, with a $45 billion deficit with Japan. merchandise trade deficit last year reached $123 billion, including a $37 billion deficit with Japan. JAPAN TRADE TENSION PART I WHAT It AT FAULT?
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