News Headline Summary

Japanese Merchandise Trade Balance Total (JPY)(Nov) -953.4bln vs. Exp. -1035.1bln (Prev. -549bln)

- Adjusted Merchandise Trade Balance (Nov) M/M -868.5bln vs. Exp. -848.2bln (Prev. -624.3bln)
- Merchandise Trade Export (Nov) Y/Y -4.1 vs. Exp. -5.5 (Prev. -6.5)
- Merchandise Trade Import (Nov) Y/Y 0.8 vs. Exp. 0.6 (Prev. -1.6)

- Japan exports to China fell 14.5% in November from year earlier.

Update details:

- Japan logs fifth straight monthly trade deficit, longest run since 1980.

Reaction details:

- USD/JPY immediately moved 2 pips to the downside, trades 84.34 (+13 pips) last.

Print 23:51, 18 Dec 2012 - Asian News - Source: Newswires