Vinsen says that the New Zealand economy has also ticked along reasonably well, with interest rates staying down and house values increasing. Consumer confidence has increased, and in turn so has the purchase of imports.
Meanwhile, October saw Japan post its fourth straight monthly trade deficit, with a gap of 549 billion yen, compared to a forecast deficit of 360 billion yen. The trade deficit so far in 2012 has reached a record 5.3 trillion yen.
