Japan’s economy is benefiting from higher exports. Their 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
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