Japan Economic Expansion Slows in Third Quarter
Capital outflows intensify, the yen devalues "Alexander".
The data shows that japan's current account surplus in the third quarter was 8.97 trillion yen (about 57.5 billion dollars), but this figure was offset by the direct investment and securities investment outflows, limiting the potential increase in the yen.
Nikkei 225 Elliott Wave Technical Analysis [Video]
Corporate confidence deteriorates, bankruptcies soar, and the outlook for a rate hike by the Bank of Japan is shrouded in dark clouds.
The data released on Monday shows that in Japan, the service industry confidence deteriorated in October, with more bankruptcy cases emerging. This has cast doubt on the views of the Bank of Japan that, under the impetus of strong domestic demand, Japan is expected to achieve a 2% inflation target.
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