The trade balance data is here: Japan - Trade Balance for July: Y 418.8bn (expected Y 327.1bn)

Via Bloomberg ,the "Key Takeaways"

  • July data offer an early look at how trade might affect the Japanese economy in the current quarter
  • Exports had been fueling an expansion in recent quarters, but domestic demand drove growth in the three months through June,
  • Domestic demand has been reflected in surging imports in recent months
  • Price gains are still far short of the Bank of Japan's 2 percent goal.

Bloomberg link

And, via Reuters:

  • Exports rose for an eighth straight month
  • Driven by robust shipments to China and the United States
  • The data underscores the Bank of Japan's view that the world's third-largest economy is showing increasing signs of strength as private consumption adds momentum to an export-reliant recovery.

Reuters link for more