Wednesday, October 21, 2015

Japan trade balance: How long until further BOJ QE? - Rabobank

FXStreet (Bali) - Michael Every, FX Strategist at Rabobank, notes that data in Japan continues to disappoint, with the latest evidence today's unexpected trade deficit.

Key Quotes

"In Japan one has to put almost everything that the BOJ says in apostrophes while the data speak for themselves: bad. Today’s trade numbers saw exports rise just 0.6% y-o-y and imports drop 11.1%, which resulted in a trade deficit of JPY115bn vs. an expected surplus of JPY87bn. How long until the next round of Japanese QE, one wonders."
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