Japan June exports seen still solid, core inflation to tick up - Reuters poll

According to the latest Reuters poll of 16 economists, Japanese exports are likely to remain solid for the third straight month in June, indicating that the economy extends its recovery momentum from the first-quarter contraction.

The finance ministry will issue the trade data at 8:50 a.m. Tokyo time (2350 GMT) on July 19th.

Key Findings:

“Exports likely grew 7.0 percent from a year ago, after rising 8.1 percent in May.

Imports probably rose 5.3 percent for the month, down from 14.0 percent in May, resulting in the trade balance swinging back into a surplus of 534.2 billion yen ($4.75 billion).

 The nationwide core consumer price index (CPI), which includes oil products but excludes volatile fresh food prices, is expected to rise 0.8 percent from a year earlier, edging up from a 0.7 percent gain in May.”