Japan's trade deficit shrinks to ¥-641.5B; exports collapse 5.8% YoY

FXstreet.com (Barcelona) - Following Japan's worsening trade deficit, which stood at -¥953.4 billion in November, the third-largest ever, today's December numbers show the deficit at ¥-641.5B vs expectations of ¥-534.0B. There was a major drop in exports on December, falling 5.8% from year earlier vs estimate of 4.2% drop. On the imports, an increase of 1.9% was seen vs 1.5% expected. Japan's Dec exports to China continues to decline, down 15.8% on year.