Japan Trade Balance data February shows a miss on exports, imports higher than expected

Japan trade balance for February -668.3 bn yen

• expected Y -112.6bn, prior Y -2191.1bn

Trade balance adjusted comes in at -1031.4bn yen

• expected Y -686.1bn, prior Y -932.6bn

Exports +19.1% y/y

• expected 21.0% y/y, prior 9.6%

Imports +34.0% y/y

• expected 28.0% y/y, prior 39.6%