Japan September exports rise 16.7% y/y, slower than forecast
EWJ•Japanese exports rose 16.7% year-on-year in September, below the 20.1% increase economists expected. Imports rose 18.9%, and the trade balance recorded a 536.6 billion yen deficit, wider than the forecast 181 billion yen deficit.
1. Exports miss forecast
Japanese exports rose 16.7% year-on-year in September, marking a 13th straight month of growth, Ministry of Finance data showed. Economists had expected a 20.1% increase. Imports grew 18.9%, below the 19.6% forecast, while the trade balance showed a deficit of 536.6 billion yen, compared with an expected 181 billion yen deficit.
