Japan trade balance for May: Y -833.4bn (expected Y -1030bn)

Japan trade balance for May

  • expected Y -1030bn, prior Y -931.9bn

Trade balance adjusted -601bn yen

  • expected Y -657.5bn, prior Y -996.3bn

Exports -28.3% y/y for a miss

  • expected -26.1% y/y, prior -21.9%

Imports -26.2% y/y for a miss

  • expected -20.4% y/y, prior -7.1%
Further exports details are ugly, export to
  • the US are down 50.6% y/y
  • the EU down 33.8%
  • China -1.9%
  • Asia -12.0%