Trade balance for June:Y -822.2 bn
- expected Y -642.9bn, prior was Y -910.8bn
Trade balance (adjusted) for June: Y -1080.8bn
- expected Y -1119.9bn, prior was Y 862.2bn
Exports for June y/y: -2.0%
- expected 1.0%, prior was -2.7%
Imports for June y/y: +8.4%
- expected 8.3%, prior was -3.5%
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Looking at exports by country:
- June exports -2.2% y/y to the USD
- June exports +1.5% y/y to China
- June exports to Asia -3.8% y/y
- June exports to EU +6.4% y/y (as the yen fell, Europe scooping up those cheaper Lexuseseses … what is the plural of Lexus, anyway?)
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Exports much weaker than expected.
Hey, guess what? Yen does … zzzzzzzzzzzzz
Sorry, I must have dropped off for a minute there.
Yen does nothing