The Sun Seems to be Rising in Japan
Despite this surge in investments, Japan's current account surplus rose 8.6% from the year before to 1.75 trillion yen in December, as a 11% decline in the trade surplus was more than offset by a 38.1% increase in net investment income from abroad.
Economists now on average expect GDP growth in Japan to be a full 4.9% at an annual rate in the fourth quarter (Far higher than in both America and the Euro-zone), with Morgan Stanley being the most optimistic with a forecast of 7% growth. Preliminary numbers on Japanese growth is due on Friday, February 17th. We will then see whose forecast came closest (I haven't studied the data close enough to dare make a forecast of my own).