Japan data
Trade balance for May: Y -216.0bn
- expected Y -258.8bn, prior was Y -55.8bn
Trade balance (adjusted): Y -182.5bn
- expected Y -184.0bn, prior was Y -208.7bn
Exports +2.4% y/y:
- expected +3.0%, prior was +8.0%
Imports -8.7% y/y:
- expected -7.5%, prior was -4.2%
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USD/JPY is barely changed:
-
Some positive signs for Japan from the data:
- Exports to the EU were +0.4% y/y, for the 6th straight rise
- Exports to China +1.1% y/y, 3rd consecutive rise
- Exports to the US +7.4% y/y, for the 9th straight rise
