Japan Has ¥1.629 Trillion Trade Deficit, China's Foreign Direct Investment Declined Further

Latest update from Japan economic news, Japan Has Y1.629 Trillion Trade Deficit, Japan posted a merchandise trade deficit of 1.629 trillion yen in January, the Ministry of Finance said on Wednesday - sinking into the red for the seventh straight month

Bad data from Foreign Direct Investmet data In China Falls Despite Recovery Signs, China's foreign direct investment declined further, continuing the weakness seen in the second half of last year, as the economic rebound at the end of 2012 was not enough to boost confidence of foreign firms. FDI dropped 7.3 percent in January from a year ago, data published by the Ministry of Commerce showed Wednesday. The economy attracted $9.27 billion of foreign investment

Meanwhile, Wheeler Says RBNZ Ready To Intervene, Kiwi Slides, Reserve Bank of New Zealand (RBNZ) Governor Graeme Wheeler said Wednesday that the central bank stands ready to intervene in the foreign exchange market if needed and will use the official cash rate as required, sending the local currency to just under the pivotal 0.84 level against the US dollar. The New Zealand dollar hit an 8-day low of 0.8396 against the US dollar after the governor's remarks