This is the trade balance plus investment flows from offshore
Japan BoP current account balance for February ¥ 2076.0bn, a little down on expected
- expected ¥ 2196.0B, prior ¥ 607.4B
BoP Current Account Adjusted: ¥ 1024.1bn
- expected ¥ 1390.2B, prior ¥ 2022.6B
Trade Balance BoP Basis: ¥ 188.7bn
- expected ¥ 249.7B, prior ¥ -666.6B
Little impact on the yen (japan data innit? ... )
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Background to this is the expected positive impact of income from overseas investments but a slowdown in exports due to the Lunar New Year holidays in the big market of China (and other Asia) a negative.
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Still to come from Japan later:
- 0110 GMT - BOJ JGB purchases (5-10, 10-25, 25+ years until maturity)
- Consumer confidence at 0500 GMT