Reuters Japan's exports slowed for a second straight month in August in an increasingly worrying sign that China's economic slowdown is hurting the world's third-biggest economy, increasing the chance that policymakers will inject fresh stimulus before too long. By Stanley White
'The 3.1 percent annual increase in exports in August was
smaller than the median estimate for 4.0 percent growth expected
by economists in a Reuters poll, and less than July's 7.6
percent year-on-year rise.
'Slowing exports could increase the chance of additional
monetary easing from the Bank of Japan, because this could lead
to lower factory output, less economic activity and less
momentum needed to offset deflationary pressure caused by a
collapse in oil prices.
'"Our house view is that the BOJ will ease again in January,
but the economic data suggest an increasing chance the BOJ will
move at the end of October," said Hidenobu Tokuda senior
economist at Mizuho Research Institute.'