Abstract:Japan’s current account has been in surplus for many years. From a Japanese perspective, the surplus has provided market outlets for Japanese manufactures and high tech products and has been the basis for capital flows into foreign investment. From the perspective of other industrial countries, the surplus has represented a source of cheap foreign savings, but has also created political pressure through job losses in import-competing sectors.
Set email alert for when this publication receives citations?
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.