In July, exports contracted 8.1% over the same month last year. The decline was below both the 2.3% drop tallied in June and market expectations that had exports decreasing 2.9%. In fact, the reading marked the largest drop in exports since January. Simultaneously, imports rose 2.1%, contrasting the 2.2% drop seen in June and falling short of the 3.0% increase expected by the market. As a result, the trade balance swung to a deficit of JPY 517 billion (USD 6.5 billion), which contrasted the JPY 70 billion surplus recorded in the same month last year and exceeded market expectations of a JPY 270 billion shortfall. The trade balance was dragged down by lower shipments to the European Union, which fell 25.1% annually, and China. On the other hand, purchases of mineral fuels recorded the softest gain since December 2009 as two nuclear plants were restarted in July, thus reducing the need to purchase fuels in order to compensate for the lost of nuclear power generation after the 11 March Tohoku earthquake.
Japan Trade Balance
Trade balance swings to deficit amid cooling global demand
August 22, 2012
Looking for forecasts related to Trade Balance in Japan? Download a sample report now.
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).