Data released by Japan’s Ministry of Finance overnight showed that, on an annualised basis, exports grew by just 0.1 per cent in November, from an 8.2 per cent increase in October. To make matters worse for this legendary exporter, imports grew by 12.1 per cent after surging 19.9 per cent in the year to October. The adjusted trade balance therefore slumped to a deficit of 492.2 billion yen, the lowest in almost 4 years and way below the surplus of between 500 and 1000 billion yen that predominated from the 1990s to the great financial crash.
To continue reading, register today
to enjoy limited access to the following:
- Daily trading news
- Funds coverage
- Features on big investment themes
- Comprehensive companies coverage
- Economic analysis