Recent Updates
- France: **France Wages and Earnings Rebased to Q2-2017=100**
- Flash PMIs: Japan, France, Germany, Euro Area, US (Sep)
- Canada: CPI (Aug), Retail Trade (Jul)
- Canada Regional: CPI by Province (Aug), Retail Trade by Province (Jul)
- Norway: International Reserves (Aug), Government Debt (Q2); Finland: Quarterly Sector Accounts, Government Balance (Q2); Denmark: Property Price Indexes (Q2); Iceland: Wage Index (Aug)
- Turkey: IIP & Intl Reserves (Jul); South Africa: Retail Survey (Q4); Mauritius: PPI (Jun); Lebanon: CPI (Aug)
- more updates...
Economy in Brief
EMU Sinks on New Flash PMI Readings
The EMU PMI sank to its cyclical low in mid-2016 then hit its cycle higher in 2018...
U.S. Financial Accounts See Borrowing Ease with Downswing in Federal Government Needs
Borrowing in U.S. financial markets slowed in Q2 2018...
U.S. Leading Economic Indicators Increase
The Conference Board's Composite Index of Leading Economic Indicators increased 0.4% (6.4% y/y)...
U.S. Existing Home Sales Hold Steady
The National Association of Realtors reported that sales of existing homes during August were unchanged at 5.340 million (SAAR, -1.5%)....
Philadelphia Fed Factory Conditions Improve; Prices Weaken Again
The Philadelphia Fed that its General Factory Sector Business Conditions Index rose to 22.9 during September...
by By Robert Brusca September 12, 2007
Japan's current account surplus shrinks in July.
The terms of trade have turned against Japan over the past year as export prices rose by just 10.2% and import prices rose by 26.3%. Exports and imports have been in a broader slowing but in the recent three months they accelerated from Q1 weakness. Japan’s exports and imports are showing signs of catching on and reaccelerating after this slowdown. Japan’s surplus is reviving, albeit erratically.
| Jul-07 | Jun-07 | May-07 | 3-Mo | 6-Mo | 12-Mo | 12 mo Prev | |
| Current Account in $, Mln | $ 14,446 | $ 16,682 | $ 18,435 | $ 16,521 | $ 16,879 | $ 15,948 | $ 13,919 |
| IN Yen, 100 Mln | |||||||
| Overall Balance | 17,539 | 20,467 | 22,264 | 20,090 | 20,269 | 18,982 | 16,052 |
| Balance on Goods | 8,434 | 8,923 | 9,634 | 8,997 | 9,485 | 9,266 | 7,556 |
| Export Goods % SAAR | 0.1% | 1.0% | 4.6% | 25.1% | 4.6% | 11.1% | 29.8% |
| Import Goods %, SAAR | 0.9% | 2.4% | 8.4% | 67.7% | 17.1% | 11.8% | 33.7% |
| Services Balance | (2,371) | (1,898) | (2,060) | (2,110) | (2,085) | (1,966) | (1,795) |
| Prices In %, SAAR | |||||||
| Export Prices | -1.3% | 0.6% | 3.1% | 15.8% | 1.7% | 5.2% | 10.2% |
| Import Prices | -1.0% | 1.3% | 4.6% | 34.1% | 5.1% | 8.9% | 26.3% |
| Memo: Yen/$ | 121.41 | 122.69 | 120.77 | 121.62 | 120.26 | 119.03 | 115.29 |
