The world’s third largest economy may be slowing down. The country’s imports fell for the first time in eighteen months, but the trade deficit, although narrower, is still in the red, after exports also slowed. The Bank of Japan may have to continue or expand stimulus plans, as the IMF suggested last week. Domestic demand has fallen following sales tax rises implemented in April. Before the increase, retail was booming, although this was largely to avoid the higher taxes. Read the full story.
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