JAPAN'S JANUARY MERCHANDISE TRADE BALANCE TOTAL FALLS LESS THAN EXPECTED BY ¥-1,758.3B
Japan's Merchandise Trade Balance Total for January fell by less than expected, printing at ¥-1.75 trillion after an unexpected upswing in Japanese Exports, which rose to a 14-month high of 11.9% YoY versus the forecast decline to 9.5% from the previous period's 9.7% (revised from 9.8%).
Japanese Imports for the same period also declined more than expected, keeping Japan's overall trade balance, coming in at -9.6% versus the forecast -8.4% against the previous period's -6.9% (revised from -6.8%).
Despite beating expectations, Japan's Merchandise Trade Balance Total for the year ended in January beat the forecast ¥-1.92 trillion, but is still well back from the previous period's ¥68.9 billion surplus (revised even higher from ¥62.1 billion), and is the worst print for the figure since last February's plunge to ¥-3.5 trillion.
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