TAIPEI - Export orders from Taiwan fell 6.6% y/y in March, following a 14.5% contraction in February and should be seen in the light of market expectations of a 1.9% increase, says ANZ Bank. In the first quarter as a whole, export orders declined 1.7% y/y. “The decline was broad based. Notably, orders from Japan saw the largest decline, down 15.6% y/y, suggesting the weakening JPY is starting to have an impact on export orders,” ANZ says. “At this stage, we believe the Central Bank will not engage in aggressive easing.
Monday, September 21 2020 | ASIA TODAY INTERNATIONAL - Reporting the Business that Matters in Asia