MNI BRIEF: Ontario To Cut U.S. Energy Flows When Tariffs Hit

MNI BRIEF: Aussie Labour Market Tightens, Unemployment At 3.9%

MNI: BRAZIL'S COPOM RAISES SELIC RATE BY 100BPS TO 12.25%

MNI BRIEF: US Budget Deficit $367B In Nov; FYTD Record $624B

MNI China Daily Summary: Wednesday, December 11

MNI BRIEF: Chinese Rail Passenger Numbers Break Record

MNI:AUSTRALIA NOV UNEMPLOYMENT RATE +3.9%

MNI: US NOV TREASURY BUDGET -$366.8B

EZ/UK Bond Supply Calendar: BTP Auction on Thursday

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Exports Surprise On The Upside, Led By Resilient US Demand

JAPAN DATA

Japan September trade data was better than expected from an export standpoint. Export growth came in at 4.3% y/y (3.0% forecast and -0.8% prior). Imports were -16.3% y/y (forecast -12.7%, prior -17.7%). The trade balance printed a surplus ¥62.4bn, versus -¥451.5bn forecast and -¥937.8bn prior. In seasonally adjusted terms, the trade position was closer to expectations, -¥434.1bn, versus -¥553.7bn expected and -¥553bn prior.

  • The better export picture was driven by firm y/y growth to both the US (+13.0%) and the EU (+12.9%). Car exports were a source of strength. Exports to China remained depressed (-6.2%y/y) and to the rest of Asia as well (-4.3%y/y). China's ban on food and fish related exports weighed on this segment (-58% y/y) per the MOF (RTRS)
  • Broader export trends have more positive in North East Asia economies in September. Resilient export growth to the US also fits with the soft landing thesis.
HomepageBulletMarketsFixed Income BulletsForeign Exchange Bullets
HomepageBulletMarketsFixed Income BulletsForeign Exchange Bullets

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.