Japan trade balance for August Y 248.3bn
expected Y -15.0bn, prior Y 10.9bn
Trade balance adjusted Y 650.6bn
expected Y 23.3bn, prior Y -34.8bn
Exports -14.8% y/y
expected -16.1% y/y, prior -19.2%
Imports -20.8% y/y
expected -17.8% y/y, prior -22.3%
Exports fell but not by as much as expected. Imports fell by more than expected. Net result is a trade surplus, a deficit was expected.
The y/y fall in exports brings the run of consecutive monthly falls to 21.
