Japan trade data for January 2023, comes in with the largest merchandise trade deficit ever for the country and the 18th consecutive monthly trade deficit.
Seasonally adjusted trade balance is -1821bn yen
- expected -2400bn yen, prior -1724bn yen
Exports +3.5% y/y
- expected +0.8%, prior +11.5%
- 23rd rise in a row
Imports +17.8% y/y
- expected +18.4%, prior +20.7%
Japanese exports to:
- Asia -4% y/y
- the US +10.2% y/y
- the EU +9.5% y/y
