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20th May 2022 00:00China+, Daily Monitor

Japanese exports slowed more than expected in April, thanks to China’s lockdowns.

The disruption to regional supply chains, stemming from factory closures in China, was also visible.

It is getting harder to argue that the yen’s weakness is a net positive, as imports ex-China climb higher.

boj deficit e.u. energy energy prices exports imports inventories machinery May new orders petroleum supply chain trade trade deficit u.s. yen

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