Japan will release February trade data on 18 March.Standard Chartered notes as follows.. We expect exports to have contracted by 1.0% y/y after they spiked 17% y/y in January, and imports to have increased 7.0% y/y after…
Japan will release February trade data on 18 March.
Standard Chartered notes as follows..
We expect exports to have contracted by 1.0% y/y after they spiked 17% y/y in January, and imports to have increased 7.0% y/y after a 9.0% decline in January.
As a result, the trade deficit likely widened to JPY 1.3tn from JPY 1.1tn. Exports declined 0.6% y/y in the first 20 days of February, while imports increased 9.9% y/y.
Exports to China surged 20.8% y/y in January, and exports to the US grew 16.5% y/y. Exports to China likely slowed in February on a slowdown in domestic demand in China, while exports to the US likely remained strong.
We expect import growth to have accelerated in February, mainly owing to a favourable base effect. We think the trade deficit will narrow this year.
Gold prices edged lower on Monday as stronger-than-expected U.S. nonfarm payrolls data dampened hopes for aggressive Federal Reserve rate cuts, bolstering the dollar. Spot gold slipped 0.1% to $2,686.32 an ounce, while F…
On-chain data shows BTC whales moved 10000 BTC from Crypto exchanges. This indicate accumulation of BTC by whales. Japanese public company Metaplanet buys another 1 billion yen worth of Bitcoin. According to Santiment, t…
Personal income increased by 0.2% month over month In August, which was less than the 0.4% market forecast and less than the 0.3% growth in July. For the third consecutive month, real personal disposable income increased…
