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Japan Nov trade balance -379.7B yen vs -449.7B yen expected

Highlights of the Japanese November trade balance report:

  • Adjusted trade balance -3.3B yen vs -206.7B yen

  • Exports -3.3% vs -1.6% expected
  • Imports -10.2% vs -7.3% expected

The worst way to have a better trade deficit is when imports collapse even harder than exports.

The 3.3% drop y/y in exports is a damning result for Abenomics, aggressive QE and the idea that a weaker currency alone will spark exports.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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