JPY: Current account has stabilised in large surplus – RBC CM

Sandeep Kanihama FXStreet Contributor

Adam Cole, Head of G10 FX Strategy at RBC Capital Markets, notes that Japan’s current account has stabilised in large surplus in recent months.

Key Quotes

“The expectation for the November data tonight (JPY1.5trn) would be consistent with the surplus remaining at 3.5-4.0% of GDP. Tonight’s data will also shed some light on the recent liquidation of overseas bond holdings by Japanese investors (though the sales really gathered pace in December and January, which we won’t see for another month or two).”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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