How is Yen Strength Clipping Japan's Exports?
Japan’s exports fell for a seventh consecutive month in April as the yen strengthened, underscoring the growing challenges to Prime Minister Shinzo Abe’s efforts to revive economic growth. Overseas shipments declined 10.1 percent in April from a year earlier, the Ministry of Finance said on Monday. The median estimate of economists surveyed by Bloomberg was for a 9.9 percent drop. Imports fell 23.3 percent, leaving a trade surplus of 823.5 billion yen ($7.5 billion), the highest since March 2010. UBS Investment Strategist Geoffrey Yu discusses with "On the Move" hosts Matt Miller in Berlin and Guy Johnson in London.
Most Recent Videos
Korea Exports, Inflation Top Estimates
59:12 - South Korea's consumer prices rose at their fastest pace since 2012 in August. Exports expanded for the tenth month in a row. So, could the Bank of Korea be considering an interest rate cut? Bloomberg's Kathleen Hays reports on "Bloomberg Markets: Asia." (Source: Bloomberg)