Japan's April trade balance data is here from earlier - a miss on surplus expectations but still positive: Japan - Trade Balance (April): ¥ 481.7bn (vs. expected ¥ 520.7B)
For a bit of recap, Reuters have this:
- Japan's exports rose in April
- The fifth straight month of gains
- An encouraging sign that more robust overseas demand could underpin a steady economic recovery
- The data also showed Japan's trade surplus with the United States narrowed ... could take some pressure off Japan as it makes it more difficult for Trump to justify criticizing Japan for its trade practices
