Issued a set of economic data in the Asian region, some of which came influential and unexpected differences in the quality of the data, as he came to achieve Japan's current account surplus expanded companions doubled the deficit in the trade balance as well as add functionality in the Australian economy is also expected.
Where he achieved Japan's current account for the month of August a surplus of 454.7 billion yen, but at the same time came the trade balance reached a deficit higher than expected during August also a deficit of 644.5 billion yen. Which sets monetary policy makers in Japan in trouble for the necessity of further monetary stimulus measures especially after Japan's central bank cut its assessment of the country's economy recently.
In the meantime, we find that in spite of widening current account surplus but that the value of the trade deficit deepened in August due to a drop in exports by 5.8%. Affected decline in global demand levels as well as the direct impact of the crisis between China and Japan, which may cost the two big losses at the level of trade turnover between the two countries.
In the meantime, jobs data came unexpected for Australia to Australian economy adds 14.5 thousand jobs during September at a rate greater than three times expectations. Which is a positive factor for the labor market and employment in Australia. Especially in light of the suffering of the global economy declined and there is no doubt that the decision to cut interest rates in Australia recently worked on creating a state of activity and raise the level of spending.
On the other hand, and despite the positive these rates but they are not sufficient during this period and only what we found Bank of Australia cut interest rates for the advancement of the economy and compensate affected negative for the mining sector of Australia to saw weaker demand and a decline in the prices of mineral resources due to the deteriorating demand by China. In addition, we refer to the outlook, where we find that the major mining companies in Australia deliberately to reduce costs during this period and that could be in the form of reducing the level of employment as well as the retreat from expansion projects due to the drop in China's economy.
