Trade With Japan Collapses: Exports Decline 7th Month, Imports Plunge Most Since 2009

by Mish Shedlock of MishTalk
ZeroHedge.com
05/23/2016

Abenomics was back in the spotlight tonight. Global trade with Japan has collapsed. Exports are down and imports are down even more. The result is an unexpected rise in Japan’s trade surplus, yet another failure of abenomics.

Japanese Output Shrinks at Fastest Pace Since 2012

The Markit Japanese PMI shows Output falls at fastest rate in over two years, underpinned by a sharp
drop in new orders.

Flash Japan Manufacturing PMI™ at 47.6 (48.2 in April). Flash headline PMI signals sharpest decline in operating conditions since December 2012.
Flash Japan Manufacturing Output Index at 46.9 (47.8 in April). Production decreases at most marked rate in over two years.
Unexpected Surplus

Bloomberg reports Japan April Trade Surplus 823.5 Billion Yen, Beats Estimates.

The Rest…HERE

This entry was posted on Monday, May 23rd, 2016 at 9:56 am and is filed under Economics, New World Order. You can follow any responses to this entry through the RSS 2.0 feed.