Japan's goods exports and imports fell in September with imports falling faster thereby shrinking the trade deficit. Export trends show nominal exports weak on all horizons of one year and less, and declining on balance over six months and three months. Nominal imports have a different pattern but are substantially lower over 12 months and over three months.
2. So, USD/JPY soared to higher than 121 last week as expectations for additional QQE increase further especially with dovish ECB.
3. But Honda, the adviser for Abe, said additional easing of BOJ is not essential for now and if BOJ eases further that could be last one. He emphasized fiscal policy is more efficient...
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