Please respond to the following:

Review the definition of current account.

Compare the historical data on the current account of US and Japan (links below). Compare the data and comment on the current situation, past, trend, and future forecast. Discuss the reasons leading to the current situation.

http://www.tradingeconomics.com/united-states/current-account

http://www.tradingeconomics.com/japan/current-account

Cite any sources you may use.