Japan March exports surge +16.1% y/y (vs. expected +11.4% and -4.1% in February)
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Japan trade balance for March Y 663.7bn, a solid beat thanks to the great export performance
Trade balance adjusted Y 297.8bn
Exports a bigly +16.1% y/y
Imports +5.7% y/y, also a solid beat and indicative of a further increase in conumption
Exports to China +37.2% y/y
- to the US +4.9% y/y
- to Asia +22.4% y/y
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