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22 May 2014
Japans key highlight reminders -BBH
FXStreet (Guatemala) - Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman noted yesterdays key highlights for Japan besides the BoJ meeting.
Key Quotes
"Separately, Japan reported a smaller trade deficit, boosted by a 5.1% rise in exports and a 3.4% rise in imports. However, the shortfall of JPY809 bln was still about a third larger than the consensus forecast, even though it represents almost an 8% improvement from a year ago."
"Japanese officials had hoped that re-starting few nuclear plants this year would also take some pressure off the energy imports. However, this was dealt a setback today as a district court delivered an injunction against Kansai Electric re-starting a nuclear facility despite passing a regulatory inspection."
Key Quotes
"Separately, Japan reported a smaller trade deficit, boosted by a 5.1% rise in exports and a 3.4% rise in imports. However, the shortfall of JPY809 bln was still about a third larger than the consensus forecast, even though it represents almost an 8% improvement from a year ago."
"Japanese officials had hoped that re-starting few nuclear plants this year would also take some pressure off the energy imports. However, this was dealt a setback today as a district court delivered an injunction against Kansai Electric re-starting a nuclear facility despite passing a regulatory inspection."