Japan trade balance for January Y -1415.2bn …. exports way under expected
- expected Y -1029.1bn, prior Y -56.7bn
Trade balance adjusted, Y -370.0bn
- expected Y 150.7bn, prior Y 183.6bn
Exports -8.4% y/y
- expected -5.7%, prior -3.9%
Import -0.6% y/y
- expected -3.5%, prior 1.9%
Exports fell hard, harder than expected and at their fastest y/y since October of 2016
Exports to
- the USA +6.8% y/y
- the EU -2.5% y/y
- China -17.4% y/y
- Asia -13.1% y/y