It’s been many years since anyone looked at Japanese trade data but it is back on the radar screen with April’s data another disappointment.
Imports +8.0% – f’cast +10.2%
Exports +7.9% – f’cast +12.7%
Tade deficit 520bln Yen – f’cast 483bln Yen
USD/JPY is unmoved on the news (last at 80.05) but the authorities will not be pleased.
