Daily Credit Summary: November 24 - Balance

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Tue, 11/24/2009 - 23:32 | 141481 Anonymous
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Notwithstanding the data presented, maybe another deeper piece of the puzzle lies behind this:

At Y807.1B, (Japan's surplus trade balance) was... significantly larger than expected but October was also the ninth consecutive month in which nominal exports have surpassed imports."

"Hence, nominal exports fell 23.2 percent on the year and imports declined 35.6 percent"

I took a stab at a my interpretation, but "an economic Pearl Harbor" is headed towards a negative yielding Hiroshima.


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