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Japan Jan Exports +9.6% Y/Y; 11th Monthly Rise

JAPAN DATA
MNI (Singapore)
  • Japan's exports rose for 11th straight month by 9.6% y/y in January, slowing from the 17.5% y/y growth marked in December.
  • Imports surged by 39.6% y/y in January, decelerating from the 41.1% y/y increase last month, marking the 12 monthly rise.
  • Trade balance in January was a deficit of Y2.19 trillion, expanding from the previous Y583.3 billion deficit.
  • Exports to the European Union and the United States rose 16.1% y/y and 11.5% y/y respectively, and to China decreased 5.4% y/y.
  • Imports from the European Union increased 26.2% y/y, and from the United States and China increased by 33.4% y/y and 23.7% y/y respectively.
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