© Dukascopy
|
"Exports will likely continue to fall for the next few months"
- Takeshi Minami, chief economist at Norinchukin Research Institute
Japan's trade deficit widened to –0.46 trillion yen in October from –0.10 trillion in September, indicating the nation's recovery is slowing from the March disaster, said the Ministry of Finance on Monday.
"Exports will likely continue to fall for the next few months as the global economy is expected to continue to have an adverse impact," said Takeshi Minami, chief economist at Norinchukin Research Institute.
"There is a chance that the BOJ will adopt further easing steps within this fiscal year. It is not yet a real crisis situation but the impact from Europe's debt woes is gradually affecting other economic regions."