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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: bond_bubble who wrote (66985)7/28/2006 12:26:57 AM
From: bond_bubble  Read Replies (3) of 110194
 
Japanese trade surplus narrows in June:
news.bbc.co.uk

The surplus fell 5.9% to 807.9bn yen ($6.9bn) during the month, its first fall in two months.

The country blamed a rise in oil and metals imports for the decrease, but added that exports remained resilient.
...........
However, in recent years, its trade surplus has fallen as Japanese firms have moved production overseas, while raw material costs - in particular oil - have risen.

Exports stood 14.4% higher than at the same time last year at 6.3bn yen, led by demand for vehicles, while imports rose 18.2% to 5.5bn yen.


Note [BondBubble]: I've been saying that Japan and China can buy the US bond trash only as long as they have net trade surplus. Sooner or later, both China and Japan are going into trade deficit and the raw materials countries will have to start supporting the massive us trade deficit!! And these countries will not (Australia, Canada dont hold reserves)... I think trade deficits for China and Japan are not far off, and hence the expectancy of USD fall increases. To prevent it Fed is going to keep increasing the interest rate no matter what... (I expect a pause after August - but a resumption to hike by the end of the year)
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