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US TSYS SUMMARY

Risk Appetite Resumes

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  • Japan's exports jumped a s month by 49.6% y/y in May, accelerating from the 38.0% y/y growth marked in April.
  • Imports reported a forth straight rise by 27.9% y/y in May, faster than the 12.8% y/y increase last month.
  • Trade balance in May was a deficit of Y187.1 billion, compared with the previous Y255.3 billion surplus.
  • Exports to the United States and the European Union rose 87.9% y/y and 69.6% y/y respectively, and to China rose 23.6% y/y.
  • Imports from the European Union increased 39.4% y/y, and from the United States and China increased by 28.7% y/y and 4.8% y/y respectively.