Wednesday, July 25, 2007

Very Funny

BBC Business News reports on the increased trade surplus in Japan with the headline "Cars drive Japan's trade surplus", alluding to how increased car exports was one of the factors behind the increase.

The key factor behind the increase is of course the extremely undervalued yen. The surplus is likely to continue increase albeit at perhaps a slower rate due to higher oil prices and a weaker U.S. economy.


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