Japan’s exports seen falling most in 2 years in January - Reuters Poll
According to the median of a Reuters poll of 15 economists, the Japanese exports for the month of January are likely to fall and hit 2-year lows, as the looming uncertainty around the US-China trade talks bite into the demand for Japanese electronics, car parts, and heavy equipment.
Key Findings:
“Exports in January fell 5.5 percent from the same period a year ago. That would mark the fastest decline since exports fell 10.3 percent in October 2016.
Japan’s imports fell 2.8 percent in January, according to the poll, which would mark a reversal from a 1.9 percent annual expansion in December.
The trade deficit is expected to widen to 1.01 trillion yen (7.15 billion pounds) from 55.3 billion yen in the previous month.”
The Japanese Finance Ministry will release trade data at 2350 GMT on Feb. 19th.