Japan records first ever deficit with the EU.

 Japan's trade deficit widened to ¥907.3B ($11.47B) in May from ¥520.3B in April and came in well above consensus. Exports rose 10% on year and imports 9.3%. Most notable was Japan's ¥11.1B deficit with the EU, the first since records began in 1979, highlighting the global impact of the recession in the region. Shipments to the bloc fell 0.9% but jumped 38% to the U.S.