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 poss

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Week account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: