The FT (via FastFT ... gated) have their report up on the Japanese May trade balance we just got
Data is here
The FT are not impressed:
- trade figures for May disappointed
- weakness in the yen did little to boost exports
Exports from Japan rose for a ninth consecutive month ... But the 2.4 per cent year-on-year gain is the weakest of that series
And ...
- Meantime, imports contracted by 8.7 per cent... the fifth straight downward move, reflecting lower oil prices but also weaker consumption
