Balance of Payments
The OECD compiles balance of payment information for member states. The balance of payments for Germany and Japan in each of the past four years was as follows:
Germany
Japan
OECD
Both nations are major net exporters, the largest two in the OECD by far. Both nations saw similar general performance trends over the four-year study period. The high point was 2007, with a dip the next two years, followed by a rebound in 2010. In general, this trend can be attributed to the economic downturn. Both of these nations, as net exporters, rely on the financial health of their customers in order to do business. The economic downturn hurt the business of both nations. There are, however, differences between the performances of the two nations that should be examined.
Germany saw a decrease in 2008 of 8.7%, while Japan's balance of payments decreased 25%. As both nations are exporters, the decrease in worldwide economic activity was likely to impact on the balance of payments for each country. Germany's net exports dropped 17.9% in 2009, while Japan's dropped 10.3%. In 2010, Germany saw an increase of 0.8% while Japan's balance of payments increased 37%. These performances, while following the same general trend, are clearly quite divergent in their intensity.
In general, Japan's performance has been more volatile. The balance of payments fell sharply with the...
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