Trade data from Japan for December 2022.

Trade balance Y -1.44bn

  • expected Y-1.65bn, prior Y-2.03bn
  • for the year as a whole, the trade deficit is the highest ever at 19.97tln yen

Exports +11.5% y/y

  • expected +10.1%, prior +20.0%
  • this is the 22nd consecutive monthly gain

Imports +20.6% y/y

more to come

Exports to:

  • the US +16.9% y/y
  • China -6.2% y/y
  • Asia +4.1% y/y

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