Market Flux Event
Japan Posts Wider-Than-Expected Trade Deficit of 536.6 Billion Yen in September
Read this in the Market Flux appJapan recorded a trade deficit of 536.6 billion yen (approximately $3.39 billion) in September, far exceeding the median forecast of around 78 to 210 billion yen depending on the poll, and marking the fifth consecutive monthly deficit. The result was sharply narrower than August's revised deficit of 1.11 trillion yen, though the miss against expectations signals persistent external pressure on the economy.
Exports rose 16.7% year over year in September, falling short of the 20.1% consensus forecast. Imports climbed 18.9% year over year, their eighth straight annual increase, also coming in slightly below the median forecast of 19.9% but still reflecting sustained upward pressure on Japan's import bill from elevated energy and goods costs.
Separately, South Korea's producer price index rose 7.7% year over year in September, easing modestly from the 8.0% pace recorded in August. On a month-over-month basis, the PPI gained 0.2%, up from 0.1% in August, indicating that factory-gate inflation in Korea remains elevated even as the annual rate edges lower.
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Sources
- FinancialjuiceS. Korea Sept producer price index rises 7.7% y/y vs 7.9% in Aug:
- CNBCThe inflation rate increased in September on the back of higher gasoline and energy prices amid the Iran war, further squeezing households’ budgets and perhaps putting pressure on the Federal Reserve to raise interest rates, economists said. Read more:
- Capital_HungryI would save this as soon as you see it because I am going to delete it as my toilet throne time prophetic market visions are usually my best generational runs lmfao Had this vision on the toilet while thinking about Gold, war, energy prices, FOMC next week, hot inflation expectations, USD Yields upside pressure, last CPI lows false support, Bearish impulsive leg, print LL into same pivot point 4000s, Oil hits high risk threshold price; damage control of bigger relief like extended ceasefire or blockade temporarily opened to allow negotiations, Oil sell off, Yields flush out, Gold rally wave.
- PiQMarkets🇰🇷 South Korea PPI (Sep) $KRW Actual: 0.2% Previous: 0.1%
- MaceNewsMacroJAPAN SEPT EXPORTS +16.7% Y/Y (AUG +19.3%), 13TH STRAIGHT RISE; MEDIAN FORECAST +21.7% #Japanecon
- BullTheoryioBREAKING: 🇯🇵 Japan's Trade Deficit Hits ¥536.6B ($3.39B) in September. Exports rose 16.7% YoY, missing expectations of 20.1%, while imports grew 18.9%.
- InvestingJapan’s September exports rise 16.7%, helped by chip demand
- FirstSquawkJAPAN’S FINANCE MINISTER KATAYAMA SAYS SHE WILL ENSURE PROACTIVE, RESPONSIBLE FISCAL POLICY ENHANCES JAPAN’S SUPPLY CAPACITY AND DOES NOT ACCELERATE INFLATION, ADDING THAT A TAX CUT BOOSTS DEMAND AND DRIVES UP PRICES