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ZJPN - Ministry Of Finance Japan 2020 Budget Outlook Shows Economic Growth
SPDR Solactive Japan ETF
The Ministry of Finance Japan has released a draft budget for 2020, and that report on the fiscal situation can be found here. It was a stellar report, and I'll summarize my findings in this article and what it means for investors.
First, let's focus on the trade and current account deficit in Japan. Both have been deteriorating rapidly in 2013, but since 2014, things have improved. Both the trade deficit and current account deficit have turned into surpluses.
The latest current account number in October 2019 was a surplus of 1820 billion yen.