Japan: Japan's trade deficit much worse-than-expected; exports fall 6.5%

FXstreet.com (San Francisco) - According to the Ministry of Finance, Japan’s Merchandise Trade Balance Total came in worse-than-expected at ¥-549B (-Y360 bn cons), while the Adjusted Merchandise Trade Balance saw a worse than expected outcome at ¥-959.05 bn for October (-¥492bn cons). Japanese exports were also reported to have plunged 6.5% (-4.9% cons).Traditionally, poor Japanese trade data is interpreted as JPY negative, as it increases the odds of more easing from the Bank of Japan.