Forex Flash: Japan exports to limit growth - Capital Economics

By FXstreet.com | November 21, 2012 AAA

FXstreet.com (Barcelona) - Japan keeps showing negative trade balances since mid last year, and past month exports revealed another -6.5% decrease from a year earlier. "The latest data therefore suggest that Japan remains more vulnerable than most to a sluggish global recovery," says Capital Economics, adding: "This vulnerability may only increase if, as we expect, the Bank of Japan is powerless to prevent a renewed appreciation of the yen due to demand for a safe haven from a further escalation of the crisis in the euro-zone."



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