"External demand will likely remain weak..."
- Takeshi Minami, chief economist at Norinchukin Research Institute
Japan's exports fell for a third straight month in August, as global demand slows. Nation's exports fell 5.8% from a year earlier, while analysts predicted Japan's exports to decline 7.3% last month. The trade deficit widened to 754.1 billion yen ($9.63 billion) in August, against an expected fall of 809.0 billion yen.
"External demand will likely remain weak and I would not rule out the possibility that Japan will continue to post a trade deficit in the next fiscal year," said Takeshi Minami, chief economist at Norinchukin Research Institute.
"The BOJ is expected to stand pat in October after easing yesterday. But I don't deny there's a chance the central bank will need to ease again at the year-end or early next year."
The Nikkei 225 Stock Average recovered 0.25% per cent, or 23.02 points, to 9,110.00. The broader Topix Index surged 0.34 per cent, or 2.57, to 756.38.
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