Japanese Exports and Global Recoupling

Claus drew my attention this morning to this interesting piece from Nouriel Roubini about global recoupling. Actually this post raises a number of points, all of them interesting ones, and some not as semantic as they seem at first sight.But before we get into all of this lets take a quick look at the latest set of trade figures from Japan. As Bloomberg tell us:Japan's exports rose to a record in