22.10.2014 - Exports to Japan increased by 6.9%
Today in Japan, was published the data on the trade balance of the country. Thus, the country's trade deficit in September rose to 1.07 trillion yen, against the forecast of 0.91 trillion. Despite this, investors were pleased by the data on the growth of the country's exports by 6.9%. In August, exports fell by 1.3%. Compared with the previous year, exports rose by 0.7%. The main reason for the improvement of the indicator was the devaluation of the Japanese yen against the US Dollar. At the moment, the economy is negatively affected by the increase of the sales tax in April, and in this regard, the Bank of Japan may launch additional stimulus to support economic growth, which will lead to a further decline of the Japanese yen. We maintain a medium-term and long-term negative outlook for the Japanese currency.