The Japanese economy breaks records

By in

The latest statistics from Japan show that the Japanese economy from March, 2015 has a fixed surplus regarding the balance of payments breaking records of the last seven years. Firstly, the record was caused by a sharp inflow of foreign investments and a reduction of imports. Therefore, the Japanese balance of payments indicator (the main indicator of the international trade system) has returned to the pre-crisis boundaries circa 2008.

Perhaps it is too early to state this as being the so-called ‘economic miracle’ in Abenomics, however the economic policy of PM Shinzo Abe has brought a certain positive effect. Weakening of national Japanese currency has strengthened the position of Japanese exports, having increased the Japanese foreign income. As a result of this, energy costs have reduced import prices, having provided the record surplus of the Japanese trade balance.