Japan May trade balance -578.3bn yen (vs. Y-205.2bn expected)

Exports came in well ahead of the median estimate and grew at their fastest annual pace for 4 months

Trade Balance for May Y -578.3bn

• expected Y-205.2bn, prior Y626.0bn

Trade balance adjusted: Y -296.8bn

• expected Y-144.1bn, prior Y550.0bn

Exports +8.1% y/y

• expected 7.5%, prior 7.8%

Imports +14.0% y/y

• expected 8.0%, prior 5.9%