Japan's trade balance improved, the export decreased
Today was published statistics on the trade balance of Japan, according to which a surplus was January and 0.12 trillion yen against the forecast of 0.06 trillion yen and 0.02 trillion yen in December. Despite this, investors were disappointed by the reduction of exports in the country by 12.9% versus decline of 8.0% in the previous month. The fall of exports was recorded for 4 consecutive month. The greatest impact has been a reduction of supplies to China by 17.5%, which is the second largest US trading partner. After a strong decrease in the Japanese market, we expect the resumption of positive dynamics and is expected to grow in the near future and medium term by 10-15%.
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