Japan August trade balance
Trade Balance Y -569.7bn
- expected Y -540bn
- prior was Y -268.1bn
Trade Balance (adjusted) Y -358.8bn
- expected is Y -377.3bn
- prior was Y -368.8bn
Exports +3.1% y/y
- expected is +4.3%
- prior was +7.6%
Imports -3.1% y/y
- expected is -2.5%
- prior was -3.2%
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Not much of a yen response as yet
The exports figure is another disappointment for the BOJ and the Japanese administration
- Lowest since May
Given the weaker yen has been a big benefit for big exporters the decline this month is even more of a concern.
It seems difficult to imagine there isn't more BOJ stimulus in the pipeline soon. For what good it might do.