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Japan Jan Exports +3.5% Y/Y; 22nd Monthly Rise

JAPAN DATA
MNI (Singapore)
  • Japan's exports rose for 22nd straight month by 3.5% y/y in January, decelerating from the 11.5% y/y growth marked in December.
  • Imports rose 17.8% y/y in January, following the 20.7% y/y gain last month, marking the 23rd monthly rise.
  • Trade balance in January was a deficit of Y3.50 trillion, expanding from the previous Y1.45 trillion deficit.
  • Exports to the United States and the European Union rose 10.2% y/y and 9.5% y/y respectively, and to China decreased 17.1% y/y.
  • Imports from the United States and China jumped 21.5% and 12.3 respectively, and from the European Union fell 2.4% y/y.
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