Economy

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The Japanese economy is benefiting from higher exports. Japan's trade surplus for July came in higher ¥ 418.8 billion then the expected ¥ 327.1 billion. June saw ¥ 439.8 billion. Exports to the U.S. +11.5% y/y, to China +17.6% y/y. exports have been strong for Japan, helping to support economic recovery.
 
Trade balance (adjusted): ¥ 337.4B, expected ¥ 195.3bn, prior ¥ 81.4bn
  • Exports y/y: +13.4% expected +13.2%, prior +9.7%  
  • Imports y/y: +16.3% expected +17.%, prior  +15.5%
 
Japan export destinations
 
  • To the US +11.5% y/y (June +7.1% y/y)
  • To China +17.6% y/y (June +19.5% y/y)
  • To Asia +14.8% y/y (June +13.6% y/y)

Source: BOJ

From The Traders Community News Desk

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