Japan Trade Deficit hits Record as Yen Collapses

Japan's not doing too hot these days. Their currency is collapsing and at the same time, they're experiencing a record spike in their trade deficit. Now, for Japan, this is a big deal. It's not like the United States where a trade deficit is just the norm and what we expect to always have every single year for decades and decades. No, in Japan, they usually have a trade surplus. So, the fact that their currency has collapsed owing as well as almost failing in their bond market by trying to peg their government bond rates in a range, their yield curve control with that also feeling and now their trade deficit spiraling out of control. Japan is not looking too good these days.