Monday, January 27, 2014

Japan Publishes Deeper Trade Deficit, JPY Strengthens

The Asian stocks started the week deep in red. The Nikkei lost 2.51% as the Japanese trade deficit extended from Yen 1,292.9bn to Yen -1,302.1bn in December due to surging energy prices. The imports rose 24.7%, while the exports retreated to 15.3 (from 18.4% prev). Some BoJ members explained



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