...where oh where to save...
I've started to play with the latest yearbook of system of national accounts data for Japan. I plugged the 2011 numbers into a spreadsheet but have not gone back to revise earlier data, 2008-10 are a bit different from what I used for the graph. The qualitative story remains the same: where oh where can companies put their excess savings? Now the data are old, the current account in early 2013 is smaller so savings-investment balances must have changed as they're the other side of the accounting. But until the next revision, well, we really don't know. And (sadly) the data don't come out quickly.
...mike smitka...
No comments:
Post a Comment