Exports have been a positive for Japan's economy in the recovery
Trade balance: Y 670.2bn - beat. Fourth month in a row of surplus.
- expected Y 556.8bn, prior was Y 113.6bn
Trade balance (adjusted): Y 240.3bn - miss
- expected Y 309.2bn, prior was Y 367.3bn
Exports y/y: +14.1%, a miss on expectations
- expected 15.0%, prior was 18.1%
Imports y/y: 12.0% and also a miss
- expected 14.7%, prior was 15.2%
- Japan's exports grew for a tenth straight month, but down on the August result (which was the fastest growth for nearly four years,)
- Imports up for 9 months in a row