Japan trade figures for Oct.

Japan trade balance for October Y 285.4bn

  • expected Y 330.0bn surplus, prior Y 667.7bn

Adjusted trade balance Y 322.9bn

  • expected Y 206.7bn surplus, prior Y 240.3bn

Exports +14.0% y/y

  • expected +15.7% y/y, prior +14.1%
  • Exports to China are the largest ever recorded (value terms)

Imports +18.9%

  • expected +20.2% y/y, prior +12.1%
  • the October result is the highest y/y since January of 2014

The focus is on German politics. the breakdown of coalition formation talks has een euro lower: