A report from the Bank of Japan (BOJ) this morning gave several investors reason for optimism in regards to Japan’s exporting capabilities. Given the surging strength of the yen for the past few years, many had anticipated a slowdown in Japan’s ability to boost exports, which it depends on for growth.
The trade balance figure released less than an hour after market opening today revealed the island economy’s trade deficit holding steady at 0.47T yen. Expectations were for a widening trade gap to 0.54T, but today’s steady figures could prove a solid gauge of the country’s impending bounce back in the months ahead.
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