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"Pressure on the BOJ to consider further easing is surging"
- Naomi Hasegawa, a strategist at Mitsubishi UFJ Morgan Stanley
Japan's exports dropped for a second consecutive month in November and the Bank of Japan lowered its assessment of the economy as strong Yen and debt crisis in Europe weighted on overseas demand.
"This trend of slowing exports will be here to stay for the time being as demand for Japan's mainstay export products, such as machinery and components, is likely to remain sluggish," said Hideki Matsumura, senior economist at Japan Research Institute in Tokyo.
"Pressure on the BOJ to consider further easing is surging," said Naomi Hasegawa, a strategist at Mitsubishi UFJ Morgan Stanley in Tokyo. "Exports are losing steam."