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Japanese exports increased for a fourth consecutive month in June, rising 7.4% on year vs +10.1%...

Japanese exports increased for a fourth consecutive month in June, rising 7.4% on year vs +10.1% in May and consensus of +10.3%; imports +11.8% vs +10.1% and +13.6%; trade deficit ¥180.8B vs ¥996.4B and ¥160.6B. Exports to U.S. +14.6%, to China +4.8%, to the EU +8.6%, the first gain in 21 months. "The effect of the yen's weakness on exports is becoming very clear," says RBS economist Junko Nishioka. "We can be optimistic about the Japanese economy's outlook as long as the U.S. stays in a good shape." USD-JPY (FXY) +0.4% to ¥99.87. (PR)
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