Japan’s Digital Deficit: A Growing Concern For Economy And Yen
16 Jul 2024
Japan's digital deficit, which includes costs such as digital advertising fees and royalties for streaming foreign content, heavily impacts the nation's service trade balance. In 2023, this deficit reached 5.5 trillion yen ($34 billion), surpassing the overall services deficit of 2.9 trillion yen. From January to May this year, the...
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