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Japan. Also affecting a related Economic Indicator out this morning. March current accounts coming in a little bit narrow compared to what many had forecast. Second straight surplus in a row, coming in at 116. 4 billion yen. That is a little bit below the estimate of the economists we surveyed. This figure is savings minus investments. This is before the sales tax increase that we saw. It is an important indicator , ahlighting that the economy net lender to the world. Payments were higher in february and march due to the repatriation of payments before the fiscal year. That could be one reason to explain why you saw these two surpluses straight in a row. This is a time when japan is trying to figure out is there so or not formal is there scope or not for more easing . Perhaps there is, but not much. We do have these numbers out as earlier as well. Rding to one economist i would say most are probably saying that as long as we a ....
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