Japan's exports in August rose 19.3% YoY, down from July's 23.2% but still
elevated, the Finance Ministry said. Imports jumped 28% YoY, above economists'
26.3% forecast, widening the unadjusted trade deficit to ¥1.1 trillion from a
revised ¥638.3 billion a month earlier — the fourth consecutive monthly deficit.
Electronics components led export gains, with semiconductors up 52% and
chipmaking-equipment shipments surging; auto exports also rose. Petroleum import
value climbed about 59% YoY while volumes rose 3.6%, reflecting higher oil
prices. USD/JPY traded near 160.
