Trade Balance in Japan
Japan - Trade Balance
Trade balance turns to a surplus in September despite shrinking exports
Nominal yen-denominated merchandise exports fell 1.2% annually in September, contrasting the 6.6% increase logged in August and missing market expectations of a 2.1% increase. The decrease came on the back of falling exports to China and the U.S.— Japan’s first and second-largest export markets, respectively — as well as Europe. In addition, natural disasters in September, such as an earthquake in Hokkaido and the passage of Typhoon Jebi in the region of Osaka and Kyoto, disrupted trade activity in the month and likely impacted total shipments.
Meanwhile, import growth slowed markedly from 15.3% in August to 7.0% in September, undershooting market expectations of a 13.7% increase. The print reflected a broad-based slowdown in imports across most commodities, with petroleum recording notably slower growth.
The merchandise trade balance swung from JPY 0.4 trillion deficit in August to a JPY 0.1 trillion surplus in September (September 2017: JPY 0.7 trillion surplus). Meanwhile, the 12-month trailing trade surplus fell from JPY 1.3 trillion in August to JPY 0.8 trillion in September, marking the lowest reading in over two years.
Japan Trade Balance Forecast
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||0.15||-4.41 %||Oct 16|
|Exchange Rate||112.3||-0.35 %||Oct 16|
|Stock Market||22,549||0.11 %||Oct 16|
Get a sample report showing all the data and analysis covered in our Regional, Country and Commodities reports.
Start Your Free Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
October 18, 2018
Nominal yen-denominated merchandise exports fell 1.2% annually in September, contrasting the 6.6% increase logged in August and missing market expectations of a 2.1% increase.
October 11, 2018
Core machinery orders, a leading indicator for capital spending over a three- to six-month period, expanded for the second consecutive month in August, suggesting that capital expenditure will boost overall economic growth further down the road.
October 2, 2018
Consumer sentiment increased from 43.3 in August to 43.4 in September.
October 2, 2018
The Nikkei flash manufacturing Purchasing Managers’ Index (PMI) came in at 52.5 in September, unchanged from August’s print.
October 1, 2018
According to the Bank of Japan’s quarterly Tankan business survey, sentiment among large manufacturers fell in the third quarter of 2018 for the third straight period, suggesting that rising trade protectionism and an uncertain global economic outlook are negatively affecting business mood.