BoJ to weaken yen as exports slump

MARKET NEWS

TOKYO -- The Bank of Japan may start buying foreign bonds in a bid to weaken the yen, said analysts, as the nation’s trade surplus slipped 32% according to data announced last week.

The alarming drop in Japan’s once huge trade surplus included a particularly large decrease in exports. High-tech product sales have slumped as a result of the economic slowdown in the US, Japan’s most important export market. A weaker yen would increase demand for Japanese goods.

Last resort

Analysts said the

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