The World's Most Tender Music - Vol. 9 Ch. 41

[MangaDex]

 

[Oeconomist]

Trade deficits are not in-and-of themselves bad things. They simply mean that foreign sellers are willing to hold currency.

Part of what has been wrong with Japanese economic thinking and has been going wrong with American economic thinking is thoughtless belief that the mercantilists who got us using the term "trade deficit" were properly framing things with their choices of words.