Japanese exports undershot expectations in November despite the effects of a weaker yen.
Exports rose 4.9 percent on year, below expectations for a 7 percent rise in a Reuters poll and down from October’s 9.6 percent increase. Imports decline 1.7 percent, below expectations for a 1.7 percent rise and down from October’s 2.7 percent rise.
This brought the trade deficit to 891.9 billion yen, better than expectations for a 1.0 trillion yen deficit, but worse than Octobers 710 billion yen deficit.
CNBC
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