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Japan's trade surplus below forecast
The positive balance of Japan's foreign trade in October totaled Y496,2 billion, lower than the forecast of Y610 billion. The total trade balance, published by Japan's Ministry of Finance estimates the balance between imports and exports. A positive value represents a trade surplus while a negative - a trade deficit. Due to the high dependence on exports the Japanese economy is highly dependent on the trade surplus.
Also, Japan's Ministry of Finance reported that exports from Japan to Europe in October fell by -9.5% y / y and to US -11.2% y / y, while to China -9.2% y / y.
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