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Increasing flow of yen overseas to pay for video & music streaming a drag on yen (but ...)

Barclays on Japan’s “digital deficit,” i.e. payments to overseas technology companies like Netflix and Amazon. Analysts say its become large relative to trade and travel in the country’s current-account balance and its continued expansion will pressure the yenreached ¥4.8 trillion ($34.7 billion) last year, almost 90% of Japan’s services account deficit “This digital deficit appears to reflect a structural change in the behavior of consumers and businesses, suggesting it will persist,” “That im... Read More

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Increasing

Flow

Overseas

Video

Music

Streaming

Drag

But

Forex

Posted: May 19 2023, 02:19

Author Name: forexlive

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