- Trade balance for March: Y -1446.3bn (expected Y -1080.9bn, prior was Y -802.5bn)
- Trade balance (adjusted) for March : Y -1714.2bn (expected Y -1427.6bn, prior was Y -1184.2bn)
- Exports for March y/y: 1.8% (expected +6.5%, prior was +9.8%)
- Imports for March y/y: 18.1% (expected +16.2%, prior was +9.0%)
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Another poor result for the trade balance – exports down sharply, imports up (pre-sales tax hike imports and also energy imports).
USD/JPY (& crosses) grinding a few ticks higher after the release, but not a lot in it.
