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Japan's Exports Grow Least in Eight Months, Spur Yen Intervention Fears
Written by article default Monday, 27 September 2010 12:23
Japan’s Trade Balance surplus shrank to 103.2 billion yen in August as export growth slowed for the sixth consecutive month, adding 15.8 percent from the previous year to post the smallest increase in eight months. Shipments to China and the US – Japan’s top two trading partners that collectively account for a whopping 35 percent of the island nation’s overseas sales – increased the least since November and December 2009, respectively. The outcome hints that Japan’s export-driven recovery on the back of global stimulus efforts in the aftermath of the 2008 Great Recession is faltering, prodding policymakers to step up efforts to drive down the still-buoyant Japanese Yen after intervening into cuClick here to learn more about DailyFX.