Japan January exports surge much higher than expected

  • Japan January exports +16.8% y/y (expected +12%)
usdjpy 18 February 2026

Exports to the US -5% y/y

  • to EU +29.6%
  • to China +32% y/y
Japan January 2026 trade exports beat

I'll have more to come on this separately.

Best in 2026

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