Yen depreciation effects did not appear ‧ Japan exports drop in February

hpc

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Japan's February exports decline beyond market economist forecast, trade deficit continued, prominent the challenges Japanese Prime Minister Shinzo Abe to revive the world's third-largest economy,
Japan's Ministry of Finance announced in February exports declined by 2.9% compared to the same period last year, compared to the Bloomberg interviewer economist forecast of a decline of 1.7% imports climbed 11.9 percent, trade deficit was 77.5 billion yen (80 billion dollars).
The benefits of the weak yen on exporters may not appear, however, the depreciation of the yen has resulted in a significant expansion of the amount of imports, because Japan nuclear power plant shut down after the 311 tsunami lead to the import of fossil fuels climbed.

By HPC Forex.
 
 
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