Vladimír Urbánek (Kurzy.cz)
Macroeconomics  |  March 21, 2013 09:05:14

Japan - trade deficit in February fell more than expected


The deficit of the trade balance of Japan in February fell to 777.5 mld.JPY mld.USD = about 8.1) compared with 1.63 trillion yen in January. Market allowed for a slight drop towards 855.9 mld.JPY.
The February deficit extended series of contiguous deficit to eight, which is the longest uniform series since 1980.

The Japanese currency has responded to the information growth, which corrected yesterday's depreciation against the dollar. Just now at a mere 1% from its 3.5-year low against the dollar. Yesterday's weakness was a response to the statement incoming Bank of Japan chief Haruhiko Kuroda, the central bank will discuss further loosening of monetary policy.

Just weakened against the dollar this year already by 9%.

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