Japan’s exports declined 2.3 percent in June on a y/y basis vs expectations of a decline of 3 percent. Slowdown in exports to Europe, China contributed to the decline. Trade balance for June came in at a surplus of JPY 61.7 b (USD 788.6 m) against expectations of a deficit of JPY 135 b.
Domestic demand in terms of reconstruction activity and rise in consumer spending post the tsunami and earthquake.
Categories: General News