13 Jan 2015
Japans trade surplus upside surprise - BBH
FXStreet (Guatemala) - Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman noted Japans trade surplus.
Key Quotes:
"Japan and China reported trade figures. Japan's November current account surplus was larger than expected at JPY433 bln, but was a little more than half of the October surplus, due largely to seasonal factors."
"The drop in oil price appears to be doing what the decline in the yen has largely failed to do, and that is improve the trade balance. This is likely to continue in the months ahead."
Key Quotes:
"Japan and China reported trade figures. Japan's November current account surplus was larger than expected at JPY433 bln, but was a little more than half of the October surplus, due largely to seasonal factors."
"The drop in oil price appears to be doing what the decline in the yen has largely failed to do, and that is improve the trade balance. This is likely to continue in the months ahead."