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.
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.
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