Japan: Trade balance anticipated to turn into a deficit of JPY -120.5 bn in April - Natixis

The analysis team at Natixis suggests that in Japan, the trade balance is anticipated to turn into a deficit of JPY -120.5 bn in April from JPY +172 bn in March.

Key Quotes

“Although the OECD leading indicator suggests a pickup in exports, imports for the first twenty days in April expanded by +16.3% YoY, larger than exports of +6.6% YoY during the same period. Because of energy prices and a weaker Yen, the national overall CPI is anticipated to increase to +0.4% YoY in April from +0.2% YoY in March.”