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19 Aug 2013
Flash: Trade deficits to continue amid high energy prices
FXstreet.com (Barcelona) - Yujiro Goto, strategist at Nomura Bank noted that trade deficits to continue amid high energy prices.
“Japanese July trade deficits deteriorated more than expected. Seasonally adjusted deficits widened to JPY944bn
(Consensus: JPY741bn) from JPY599bn in June”.
“The deficits had been gradually narrowing after recording JPY1066bn of deficit in February until June, but the improvement stalled in July”.
“A slowdown in real exports and high import prices widened the deficit in July”.
“Japanese July trade deficits deteriorated more than expected. Seasonally adjusted deficits widened to JPY944bn
(Consensus: JPY741bn) from JPY599bn in June”.
“The deficits had been gradually narrowing after recording JPY1066bn of deficit in February until June, but the improvement stalled in July”.
“A slowdown in real exports and high import prices widened the deficit in July”.