Japan exports beat forecasts but lose momentum from prior surge
Japan swings to trade surplus as exports beat expectations despite weak China demand. Summary: Japan February exports +4.2% y/y (exp. +1.6%, prior +16.8%) Imports +10.2% y/y (exp. +11.5%, prior -2.5%) Trade balance +¥57.3bn (exp. -¥483.2bn, prior -¥1.15tn) Exports to China -10.9% y/y, US -8% y/y Exports to EU +14% y/y, Asia +2.8% y/y Data shows […]
