Japan data: December trade surplus smaller than expected (import jump, export growth slow)

Both exports and imports solid in the month, although exports did miss expectations.

More on the data here:

• Japan trade data recap - exports rise again in December, but US demand drags

Exports to:

• EU +2.6% y/y
• Asia +10.2% y/y
• US -11.1% y/y
• China +5.6% y/y