Japan's incredible shrinking exports?
Bareksa • 17 Jun 2014
Amid the victory flags for Japan's Abenomics experiment, a worrying sign: exports look set to contract, despite the weakened yen. And Thailand's central bank is in a bind. (REUTERS/Jon Gordon)
Thai rates are in fact already at their lowest in three years.
Bareksa.com - So turns out, it's not that easy to revive an entire economy. I'm talking about Japan, of course where the prime minister's so-called Abenomics policy has lifted hopes by holding down the yen -- but the positive effect on the country's exports has been a bit more short-lived. After a nice ramp up through 2013, the latest number should in fact show a slight contraction -- the first fall in more than a year. Thailand meanwhile faces its own economic troubles, as the country tries to move on from a bitter political crisis. (Source : Reuters)