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BoK Growth Forecast Could Be At Risk


(U1) Fades Off 2021 Highs

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  • Japan's exports jumped by 48.6% y/y in June, decelerating from the 49.6% y/y growth marked in May, marking the 4th straight monthly rise.
  • Imports reported a fifth straight rise by 32.7% y/y in June, faster than the 27.9% y/y increase last month.
  • Trade balance in June was a surplus of Y383.1 billion, compared with the previous Y187.1 billion deficit.
  • Exports to the United States and the European Union rose 85.5% y/y and 51.1% y/y respectively, and to China rose 27.7% y/y.
  • Imports from the European Union increased 29.2% y/y, and from the United States and China increased by 27.3% y/y and 17.6% y/y respectively.