Japan trade data for June: Exports +4.0% m/m and imports +3.6% m/m

Japanese Trade Balance for June is JPY -1383.8bn

• expected -1509.7bn, and prior was -2385.8bn

Imports +46.1% y/y

• expected 45.7%, prior 48.9%

Exports +19.4% y/y

• expected 17.5%, prior 15.8%

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Exports to Asia +19.1% year/year

• to China +8.3%
• to the U.S. +15.7%
• to the EU +22.1%

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The focus from Japan today is on:

• BOJ preview - Bank of Japan Governor Kuroda to stare down the doubters again