Japan: Merchandise exports accelerate in March from the prior month
Latest reading: In March, the trade balance was JPY +0.6 trillion, up from the prior month’s JPY +0.1 trillion. Over the last 12 months, the trade balance summed to JPY -1.7 trillion.
Yen-denominated exports were up 11.7% in year-on-year terms in March, up from February’s 4.0% expansion.
Finally, yen-denominated imports increased 10.9% yoy in March, up from February’s 10.3% increase.