Japan January Trade Balance -3,496.6bn yen (vs. expected -3976.7bn yen, prior -1,448.5bnB) | Forexlive

Japan trade data for January 2023, comes in with the largest merchandise trade deficit ever for the country and the 18th consecutive monthly trade deficit.

Seasonally adjusted trade balance is -1821bn yen

• expected -2400bn yen, prior -1724bn yen

Exports +3.5% y/y

• expected +0.8%, prior +11.5%
• 23rd rise in a row

Imports +17.8% y/y

• expected +18.4%, prior +20.7%

Japanese exports to:

• Asia -4% y/y
• the US +10.2% y/y
• the EU +9.5% y/y