Japan April core equipment orders surge, exports beat additionally

Japan April core machinery orders
+8.7% m/m

+15.6% y/y

Japan May trade balance
-¥378.7B

• exp -¥564.6B, prev +¥301.9B

Japan May exports
+17.0% y/y

To EU +14.5% y/y

— to Asia +19.5% y/y

— to US +12.5% y/y

— to China +17.9% y/y

Japan May imports
+12.5% y/y

I’ll have more to come on this separately