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The trade balance for Japan in December came in as a much bigger deficit than expected at Y-55.3bn versus an expected Y-42.3bn, exports fell sharply as the trade wars bit, exports to China fell 7% y/y while they rose 1.6% to the U.S.

Japan Trade Dec 2018

Japanese Trade Balance For December 2018

  • Trade balance Y -55.3bn v expected Y -42.3bn, prior was Y -737.7bn
  • Trade balance (adjusted) Y -183.6bn v expected Y -290.7bn, prior was Y -492.2bn
  • Exports -3.8% y/y,  fastest fall in 2 years and under expected -1.8%, prior was 0.1%
  • Imports +1.9% y/y under expected +4.0%, prior was 12.5%

Exports to:

  • US +1.6% y/y
  • China -7.0% y/y
  • Asia -6.9% y/y
  • EU +3.9% y/y

The TradersCommunity News Desk

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