Japan September trade balance -2.094T vs -2.167T expected | Forexlive

• Prior was -2.82T
• Exports +28.9% y/y vs +27.1% expected
• Prior exports +22.0%
• Imports +45.9% y/y vs +45.0% expected
• Prior imports +49.9%

Last month was the largest trade deficit since 2014 but that was a one-off. This is the worst two-month performance in at least a generation. The trade numbers all look so high because the yen has fallen so much. I can’t believe there isn’t an inflation problem in Japan.

• US +45.2% y/y vs +33.8% y/y prior
• China +17.1% y/y vs +13.5% y/y prior
• EU +33.2% y/y vs +16.7% y/y prior

The stats office said the rise in imports was led by crude oil , LNG and coal.