Japan’s September exports have been the 10th consecutive month of austerity, sparking speculation that the Bank of Japan will offer a loose monetary policy as soon as next week to counter the rising overseas risks and demand mitigation.
According to Reuters, the Japanese Ministry of Finance announced that exports in September fell 5.2% year-on-year, mainly due to drag on automotive parts and semiconductor manufacturing equipment.
The decline was larger than the 4% decline expected by economists, and it was the longest export decline since the 14-month recession between October 2015 and November 2016.
Market speculation, the Bank of Japan will release the easing policy during the two-day meeting on October 30 and 31, because in the last comment on the interest rate, the Bank of Japan said it would fully examine whether the current overseas risk increase has caused Japan to have The fragile economic recovery has left the normal track.
Bank of Japan President Haruhiko Kuroda also told Reuters on Saturday that if it is necessary to stipulate a loose monetary policy, the Bank of Japan will of course cut interest rates in the short to medium term.
The Sino-US trade war has already caused an increase in global economic risks, and has also caused the economic outlook of Japan, the world's third-largest economy, to become increasingly bleak.