Trade Balance in Japan
Japan - Trade Balance
Export growth gains steam in April
Nominal yen-denominated merchandise exports increased 7.8% in annual terms in April, accelerating from March’s 2.1% rise. The result, however, fell short of market expectations of an 8.7% increase. Export growth in April was supported by stronger shipments of transport equipment, particularly motor vehicles and machinery. The print points to renewed momentum in the second quarter following the slowdown registered in the first quarter.
Imports expanded 5.9% on an annual basis in April, contrasting the 0.6% contraction recorded in March and coming in below market expectations of a 9.8% rise. The acceleration was driven by increased imports of machinery and mineral fuels, especially oil.
The merchandise trade balance fell from a JPY 797 billion surplus in March to a JPY 626 billion surplus in April, in light of the rebound in import growth. Meanwhile, the 12-month trailing trade surplus rose to JPY 2.6 trillion in April, up from the JPY 2.5 trillion surplus recorded in the previous month.
Japan - Trade Balance Data
|Trade Balance (USD billion)||-117.5||-122.4||-23.3||37.0||26.1|
5 years of economic forecasts for more than 30 economic indicators.
Japan Trade Balance Chart
Source: Ministry of Finance and Met the why particular calculations.
|Bond Yield||0.04||-4.41 %||Jun 14|
|Exchange Rate||111.6||-0.35 %||Jun 14|
|Stock Market||22,739||0.11 %||Jun 14|
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June 11, 2018
Core machinery orders—a leading indicator of capital spending over a three- to six-month period—rebounded robustly in April following the first decline in three months in March.
June 8, 2018
A second data release confirmed Japan’s economy contracted for the first time in nine quarters at the start of the year.
May 31, 2018
Industrial production moderated in April, growing 0.3% on a month-on-month and seasonally-adjusted basis, down from March’s revised 1.4% increase (previously reported: +1.2% month-on-month).
May 30, 2018
Consumer sentiment edged up to 43.8 in May from 43.6 in April, which was below market expectations of a rise to 43.9.
May 23, 2018
The Nikkei flash manufacturing Purchasing Managers’ Index (PMI) decreased to 52.5 in May from April’s revised 53.8 (previously reported: 53.3), marking the lowest print since August 2017.