Japan trade balance for April Y 255.3bn

  • expected Y 147.7bn, prior Y 662.3bn

Exports +38%

  • expected +30.8% y/y, prior +16.1%

Imports +12.8%

  • expected +9% y/y, prior +5.8%

Solid beat for exports - a bright spot for Japan's economy at present in the midst of a domestic challenges with states of emergency. Do keep in mind the 'base effect' of comparing to a catastrophic April 2020.

More:

April exports to:

  • China +33.9% y/y
  • Asia +32.7% y/y
  • US +45.1% y/y