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Futures Tight In the Tokyo Morning


South Korea's Exports Prove Resilient

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  • Japan's exports jumped by 26.2% y/y in August, slowing from the 37.0% y/y growth marked in July, marking the 6th straight monthly rise.
  • Imports reported a seventh straight rise by 44.7% y/y in August, accelerating from the 28.5% y/y increase last month.
  • Trade balance in August was a deficit of Y635.4 billion, compared with the previous Y441.0 billion surplus.
  • Exports to the European Union and the United States rose 29.9% y/y and 22.8% y/y respectively, and to China rose 12.6% y/y.
  • Imports from the European Union increased 54.5% y/y, and from the United States and China increased by 33.5% y/y and 23.2% y/y respectively.