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Strategies & Market Trends : JAPAN-Nikkei-Time to go back up? -- Ignore unavailable to you. Want to Upgrade?

To: chirodoc who wrote (1514)	10/14/1998 11:38:00 PM
From: borb	Read Replies (1) \| Respond to of 3902

TOKYO, Oct 15 (Reuters) - The surplus in Japan's current account, the broadest measure of trade in goods and services, rose 43.6 percent in August from a year earlier to 1.16 trillion yen, the Ministry of Finance said on Thursday. The surplus in merchandise trade alone rose 21.0 percent in August from a year earlier to 1.09 trillion yen. The following is a breakdown of the balance of payments figures: (Unadjusted, in bln yen) AUGUST JULY YEAR AGO Current Acct Balance +1,157.6 +1,350.6 +806.1 -Goods and Services +546.7 +901.4 +307.1 Trade Balance +1,090.7 +1,474.8 +901.3 Exports 3,842.9 4,403.3 3,815.1 Imports 2,752.2 2,928.6 2,913.8 Services Balance -544.0 -573.3 -594.2 -Income Balance +685.1 +533.9 +561.0 -Current Transfers -74.2 -84.7 -62.0 Capital/Financial Acct -608.8 -160.4 -437.7 -Financial Account -541.3 -123.5 -416.0 Direct Investment -223.6 -308.2 -231.4 Portfolio Investment -743.6 -1,279.7 -957.7 Other Investment +426.0 +1,464.4 +773.0 -Capital Account -67.6 -36.9 -21.0 The following figures show the seasonally adjusted balance of payments figures (in billions of yen): AUGUST JULY Current Account Balance +1,570.7 +1,313.3 -Goods and Services +905.4 +848.7 Trade Balance +1,419.5 +1,375.6 Exports 4,276.7 4,294.6 Imports 2,857.2 2,918.9 Services Balance -514.1 -526.9 -Income Balance +724.3 +562.4 -Current Transfers -59.0 -97.8 So, can yen go to 100 or even higher? Can Nikkei go back up??