Wednesday, December 18, 2013

Yen retreats as trade balance deficit increased

Japanese balance of trade deficit increased by 23.8% during November over the last release of October data, reaching ¥1.35 Trillion while it was 35.1% larger in the same month of 2012, while the supposed is increasing the exports as a result of raising inflation rates.

This report detailed as, ¥ 5.9 Trillion exports 18% higher than the same month of 2012, but Imports are ¥7.1 Trillion 21.1% higher than the same period of the last year. With 19.4% of total trades recorded with China the biggest trade partner for Japan. Yen weakens by 2% for the first time in four days amid the release of the balance of trade data reaching 103.1.


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