sentences: after pointing out that exports had continued to decline for the fourth month in a row, and that exports to japan and the euro area in particular had fallen to considerable extents, due largely to the depreciations of the japanese yen and the euro, he went on to point out that, although korea continued to run a substantial bilateral current account deficit against japan, the imbalance in the won/yen exchange rate had been worsening recently due to the yen’s weakness while the won had been feeling appreciation pressures owing to korea‘s widening bilateral current account surplus vis-a-vis the us.