Japan data – trade balance for August: Y 248.3bn (expected Y -15.0bn)

Japan trade balance for August Y 248.3bn

  • expected Y -15.0bn, prior Y 10.9bn

Trade balance adjusted Y 650.6bn

  • expected Y 23.3bn, prior Y -34.8bn

Exports -14.8% y/y

  • expected -16.1% y/y, prior -19.2%

Imports -20.8% y/y

  • expected -17.8% y/y, prior -22.3%

Exports fell but not by as much as expected. Imports fell by more than expected. Net result is a trade surplus, a deficit was expected.

The y/y fall in exports brings the run of consecutive monthly falls to 21.