Japan's July exports -0.3% y/y (expected -0.8%) & Imports -13.5% y/y (expected -14.7%)

<p>Trade balance data from Japan for July 2023, along with Machinery orders for June. </p><ul><li>exports fell for the first time in 29 months</li></ul><p>Exports to:</p><ul><li>China -13.4% y/y</li><li>the US +13.5% y/y</li><li>the EU +12.4% y/y</li></ul><p>I think you can see the problem, right? China's economic stumble out of COVID-zero reopening is impacting globally, not just locally. </p>

This article was written by Eamonn Sheridan at www.forexlive.com.