Everything is moving up (rubbish)

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Japan's June trade surplus widens but short of estimates
By John Letzing, MarketWatch

SAN FRANCISCO (MarketWatch) -- The Japanese government on Thursday posted preliminary data reflecting a trade surplus in June for the fifth straight month, rising almost five-fold from the year-ago period, even though the figure nonetheless fell shy of economists' estimates.

Japan's Ministry of Finance said the trade surplus totaled 508 billion yen ($5.4 billion), a 388% leap over the surplus in June 2008.

That figure was a bit worse than the 593 billion yen surplus expected by economists polled by Dow Jones Newswires and the Nikkei.

Exports in June fell 35.7%, while imports tumbled 41.9%, according to the data.

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( this mean 35.7% less is being bought by the rest of the world from

Japan while at the same time Japanese are buying 41.9% less of the

worlds goods sounds like a world depression to me)

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The June figures represent the fifth straight monthly surplus for Japan. In May the surplus was 299.8 billion yen.