In October, exports contracted 6.5% over the same month last year, marking the fifth consecutive monthly fall. The contraction exceeded market expectations of a 5.1% decline but, nonetheless, was an improvement over the 10.3% drop tallied in September. As a result of the monthly reading, in the 12 months up to October, exports declined 3.0% over the same period the previous year (September: -2.8% year-on-year). Meanwhile, imports fell 1.6% in October over the same month last year. The print contrasted the 4.1% rise observed in the previous month and overshot market expectations that had shipments contracting 3.8%. Building on the subdued reading, the moving 12-month sum imports increased 5.1% in annual terms (September: +6.7% yoy). As a result, the trade balance registered a deficit of JPY 549 billion (USD 6.7 billion), which prompted the 12-month moving sum of the trade balance to reach a JPY 6.2 trillion deficit in October, larger than the JPY 6.0 trillion shortfall observed in September.
Japan Trade Balance
Exports contract for fifth consecutive month in October
November 21, 2012
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Japan Trade Balance Chart
Japan Economic News
October 12, 2016
Core machinery orders (a leading indicator of capital spending over a three- to six-month period) declined for the first time in three months in August.
October 4, 2016
Consumer sentiment rose from August’s 42.0 to 43.0 in September.
October 3, 2016
According to the Bank of Japan’s quarterly TANKAN business survey, sentiment among large manufacturers was stable at 6 in Q3.
September 30, 2016
In August, the core consumer price index was flat compared to the previous month, which was above the 0.2% decline in July.
September 30, 2016
In August, industrial production expanded 1.5% over the previous month in seasonally-adjusted terms, which contrasted July’s 0.4% decrease (previously reported: 0.0% month-on-month).