Japan Trade balance (January): Y -1086.9bn (vs. expected Y -625.9bn)

Japan data

Trade balance for January: Y -1086.9bn , wider deficit than expected (imports much higher than expected, exports lower)

• expected Y -625.9bn, prior was Y 640.4bn (revised from Y 641.4bn)

Trade balance (adjusted) for January: Y 155.5bn

• expected Y 275.5bn, prior was Y 356.7bn

Exports for January y/y: +1.3% y/y

• expected +5.0%, prior was +5.4%

Imports for January y/y: +8.5% y/y

• expected +4.8%, prior was -2.6%

Further details on exports:

• To China +3.1% y/y for January
• To Asia +6.0% y/y
• To the US -6.6% y/y
• To the EU -5.6% y/y

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Earlier from Japan:

• Japan Reuters poll - firms becoming more positive about capex