Japanese Trade deficit higher in November

Wednesday, 21 December 2011 01:51

Ministry of Finance in Japan posted today a report suggesting country’s trade balance deficit growth.

The Trade Balance fell to 684.7 billion yen, disappointing expectations of deficit decrease to 280 billion yen.

Comparing with previous year at this time import rose 11.4%, while export is lower by 4.5%.

Meanwhile BoJ announced that the benchmark interest rate remains unchanged, between 0.0% to 0.1%.

The yen reacted on news with growth against U.S. dollar. The pair was traded at 77.75 after a bank statement.