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User Info Japan exports plunge 8.1% YoY, trade deficit at $6.5B in forum [NotSoBreaking]
Obseedian
Posts: 11872
Incept: 2007-07-26
Silver
BBRY Central
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http://www.bloomberg.com/news/2012-08-22....

Quote:
Japan reported a wider-than-expected trade deficit in July as Europe’s sovereign debt crisis and a slowdown in China dragged down exports and higher oil prices boosted imports.

The shortfall was 517.4 billion yen ($6.5 billion), after a revised 60.3 billion yen surplus in June, the Finance Ministry said in Tokyo today. The median forecast in a Bloomberg News survey of 28 analysts was for a 270 billion yen deficit. Exports fell 8.1 percent from a year earlier, compared with an estimated 2.9 percent decline. Imports rose 2.1 percent....

Time to buy more stocks!

smiley

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Would you give your money to these banks? http://bankimplode.com/list/troubledbank....

“Those who vote decide nothing. Those who count the vote decide everything.” - Joseph Stalin
Krs
Posts: 688
Incept: 2009-05-07
Silver
Colleyville, Texas
Online
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Was this trade report front run today?

Chart taken from story at ZH http://www.zerohedge.com/news/japanese-t....


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Fog, smoke, and mirrors... perhaps those tin-foil-hat wearing digital dickweeds were on to something?
Tyler Durden on the Fed – Feb 28, 2013

Dimahot
Posts: 341
Incept: 2007-11-16
Green
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What will be the first domino: Japan or Europe? May rally monkey save us all.
Zarathustra
Posts: 5961
Incept: 2009-04-29
Silver A True American Patriot!
Funkytown
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inline

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"And in knowing that you know nothing, that makes you the smartest of all." - Socrates
Azusgm
Posts: 2427
Incept: 2010-12-02
Green
East Texas
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Any ideas about how much in yen carry may need to be unwound if there is a big dislocation?
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