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Trade, Japan, fading savings

Summary:
The slowdown in imports could indicate a slowing domestic economy: Both exports and imports increased in October. Exports are up 18% compared to October 2020; imports are up 22% compared to October 2020. Japan not doing so well: Personal income and savings went up with the fiscal transfers, and now they’re fading:

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WARREN MOSLER writes Consumer sentiment, real retail sales, industrial production, wages

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The slowdown in imports could indicate a slowing domestic economy:

Both exports and imports increased in October.

Exports are up 18% compared to October 2020; imports are up 22% compared to October 2020.

Trade, Japan, fading savings

Japan not doing so well:

Trade, Japan, fading savings

Personal income and savings went up with the fiscal transfers, and now they’re fading:

Trade, Japan, fading savings

WARREN MOSLER
Warren Mosler is an American economist and theorist, and one of the leading voices in the field of Modern Monetary Theory (MMT). Presently, Warren resides on St. Croix, in the US Virgin Islands, where he owns and operates Valance Co., Inc.

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