Japan data

Trade balance for May: Y -216.0bn

  • expected Y -258.8bn, prior was Y -55.8bn

Trade balance (adjusted): Y -182.5bn

  • expected Y -184.0bn, prior was Y -208.7bn

Exports +2.4% y/y:

  • expected +3.0%, prior was +8.0%

Imports -8.7% y/y:

  • expected -7.5%, prior was -4.2%

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USD/JPY is barely changed:

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Some positive signs for Japan from the data:

  • Exports to the EU were +0.4% y/y, for the 6th straight rise
  • Exports to China +1.1% y/y, 3rd consecutive rise
  • Exports to the US +7.4% y/y, for the 9th straight rise