Japan · Exports (YoY): 16.7

Actual16.7

Forecast20.1

Previous19.3

Surprise -1.36σ

VerdictBELOW FORECAST

ReadJGBs NEUTRAL · Equities NEUTRAL

Japan · Exports (YoY): Actual 16.7, forecast 20.1, prev 19.3. Surprise: BELOW FORECAST by 1.4 sigma. Desk read: JGBs NEUTRAL · Equities NEUTRAL.

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