Japan trade balance for April Y -930.4bn
- expected Y -503.1bn, prior Y 5.4bn
Trade balance adjusted Y -996.3bn
- expected Y -719.3bn, prior Y -190bn
Exports -21.9% y/y
- expected -22.2% y/y, prior -11.7%
Imports -7.2% y/y
- expected -13.2% y/y, prior -5.0%
Exports to the US were down 37.8% y/y
- to China down 4.1%
- to the EU down 28%
Earlier we got dire numbers out South Korea indicating the contraction in global trade, more of the same here out Japan.
