A weak Yen helped Japanese exports boom in January with the latest trade data showing overseas sales soaring to a record high. Exports increased by 11.9% to 7.33 trillion Yen, while imports fell by 9.6%. Today’s data revealed that the country’s deficit is now half the level seen one year ago, down from JPY 3.51 trillion to JPY 1.76 trillion. In January 2023, USD/JPY traded around the 128 level compared to 150 today.
