Japan trade balance data for February

Trade balance Y 339.0bn for a big beat … but both exports and imports have missed.

  • expected Y 305.1bn, prior was Y -1415.6bn

Trade balance (adjusted) Y 116.1bn

  • expected Y 80.6bn, prior was Y -370bn

Exports -1.2% y/y for a miss but not as poor a performance as January

  • expected -0.6%, prior was -8.4%

Imports -6.7% y/y

  • expected -6.4%, prior was -0.8%

More:

Exports to the US +2% y/y

  • to China +5.5% y/y
  • to Asia -1.8% y/y
  • to the EU +2.5% y/y
Japan trade balance data for February