Japan September trade balance: Y -958.3bn (expected Y -780.0bn)

Japan September trade balance:

Trade balance: Y -958.3bn

• expected Y -780.0bn, prior was Y -949.7bn

Trade balance (adjusted): Y -1070.1bn

• expected Y -918.5bn, prior was Y -924.2bn

Exports +6.9% y/y:

• expected +6.5%, prior was -1.3%
• Exports rising at the fastest since February

Imports 6.2% y/y:

• expected +2.7%, prior was -1.4%

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• “Exports were boosted in value by the weaker yen,” said Shinzo Abe (Japan) Kiichi Murashima, chief economist at Citigroup Inc. in Tokyo.
• “The trade balance will contribute to Japan’s economy in the third quarter.”