Meanwhile, In Japan…

On Thursday, markets were "treated" to another "Econ 101" lesson. While previewing this week's slate of global data, I noted that trade figures for Japan would likely be worth a mention, even if the numbers weren't likely to land above the proverbial fold. The yen's inexorable slide (the currency is on track for its worst year ever) has contributed to a terms of trade shock, which risks becoming self-fulfilling. Data out Thursday showed the country's trade deficit reached a record last month a

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