Japan's current account surplus slumps 45%

Business Aug. 08, 2012 - 02:15PM JST ( 8 )

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8 Comments

-6

WakarimasenAug. 08, 2012 - 11:46AM JST

More proof that Japan will not survive without nuclear power.
1

YuriOtaniAug. 08, 2012 - 12:14PM JST

Wonders what happens when the accounts go into the negative? So what happens when Japan can no longer afford to buy the oil and gas? How will new plants be built without money?
-1

CrickyAug. 08, 2012 - 12:17PM JST

All energy using countries are paying more, not just Japan. Maybe they have more fiscal padding as they have more robust economies, growing tax base, and are not spending volumes sums on the mess left by a private company that supplied cheep clean energy?
0

marcelitoAug. 08, 2012 - 12:56PM JST

Wakarimasen - Japan can,t survive without nuclear ? Crap... If the govt. would only make some serious efforts to cut the huge unnecessary bureaucratic annual waste on the expenditure side as they promised Japan,s financial position could be vastly improved. And in fact there are enormous business opportunities for Japan in pursuing development of green technology in order to replace nuclear - huge potential for future revenue stream in there.
0

marcelitoAug. 08, 2012 - 01:00PM JST

Yuri - it should not be govt. money but private enterprise financing new & green power plant construction anyway. Govt can and should help by tax breaks/ concessions and incentives as they have done for the nuke industry for the past few decades.
-9

DogAug. 08, 2012 - 01:09PM JST

YuriOtaniAug. 08, 2012 - 12:14PM JST

Wonders what happens when the accounts go into the negative? So what happens when Japan can no longer afford to buy the oil and gas? How will new plants be built without money?

It's not very likely for the next 20 years.

Japan's problem is not generating income, it's a problem of government expenditure and the debt that incurs.

The japanese government still spends taxes like it's the bubble years
-1

ubikwitAug. 08, 2012 - 02:31PM JST

and this is with the Yen at an astronomically high level...

i would imagine that means exports are falling at an equally high pace...
1

YuriOtaniAug. 08, 2012 - 10:30PM JST

That would also means jobs are being lost at a quick rate. The rich will have their income but what about the average person? Even the non factory jobs are leaving Japan. All the greedy rich can think about is themselves. They will have their private power plants and supply of fuel. Please look at the setting sun, the sunlight is so strong as it is descending. What doomed Corporate Japan was its very success. Oh add hubris, it is after all the strongest deadly sin.