Senior Economist at UOB Group Alvin Liew assessed the latest results in the Japanese trade balance. Key Quotes “Japan recorded a month of trade balance surplus amounting to JPY1.1098 trillion in February, the largest since 2007 and nearly offsetting the JPY1.313 trillion deficit recorded in January… On an adjusted basis, the surplus was a smaller JPY498.3bn (from a deficit of JPY78.7bn in January).” “Exports continued to contract but by a less severe 1.0% y/y…This was 15th consecutive month of decline, the longest stretch of monthly contraction since 1987. In spite of the weak exports, there was a material surplus in February because the decline in imports was even sharper at -14.0% y/y…Imports has been in decline for 10 straight months since May 2019.” “We forecast Japan’s exports will contract further by 6.8% in 2020 (from +5.6% in 2019) while imports will contract a sharper 9% (from +5.0% in 2019). Based on these projections, Japan is likely to record another trade deficit, amounting to JPY 1.6 trillion in 2020 (from a trade deficit of JPY 3.6 trillion in 2019).“ FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next GBP/USD: High volatility may wipe out any levels instantly FX Street 2 years Senior Economist at UOB Group Alvin Liew assessed the latest results in the Japanese trade balance. Key Quotes “Japan recorded a month of trade balance surplus amounting to JPY1.1098 trillion in February, the largest since 2007 and nearly offsetting the JPY1.313 trillion deficit recorded in January… On an adjusted basis, the surplus was a smaller JPY498.3bn (from a deficit of JPY78.7bn in January).” “Exports continued to contract but by a less severe 1.0% y/y…This was 15th consecutive month of decline, the longest stretch of monthly contraction since 1987. In spite of the weak exports, there was a material surplus in… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
