Japan: First monthly trade deficit since May 2017 - TDS

Analysts at TDS note that Japanese trade balance data showed that the stronger yen wasn't dampening activity just yet.

Key Quotes

“Exports in Jan expanded by +12.2%/y (mkt 9.4%/y vs prior 9.3%/y). Jan imports at +7.9%/y (mkt 7.7% vs prior 14.9%/y). In original terms, the first monthly trade deficit since May 2017.”