Japan Balance of Trade
Saturday, August 9th, 2008
Japan and the United States. These two countries have had a long and occasionally turbulent history together. It was largely thanks to the aggressiveness of a U.S. naval captain that Japan entered into its age of industrialization. And the Second World War saw a prolonged period of heavy fighting between Japanese and American troops that ended badly for the Japanese.
But it looks these days like Japan’s winning a new war, and this one on an economic front. The Japanese Balance of Trade with the United States is way out of whack for the Americans. Japanese exporters make a lot more than Americans do in any given year, and millions more worth of Japanese products enter the U.S. than the other way around.
As a result the Balance of Trade for the United States in regards to japan is always well into the negatives, and the size of that negative seems to grow every year. And here’s the proof.