Trade Balance in Japan
Japan - Trade Balance
Export growth softens in April
Nominal exports in Japan valued in yen increased 7.5% from the same month last year in April, following March’s 12.0% increase. The print undershot the 7.8% increase that market analysts had expected. The external sector is benefiting from a weak yen and stronger global demand.
Imports expanded 15.1% annually in April, which followed March’s 15.8% increase. The print was broadly in line with the 14.8% rise that the markets had expected. Higher prices for raw materials are pushing up imports.
As a result of the strong rise in imports, the trade surplus declined from JPY 811 billion in April 2016 to JPY 482 billion in April 2017 (USD 4.3 billion). In the 12 months up to April, the trade surplus inched down to JPY 3.7 trillion, which was lower than the JPY 4.0 trillion surplus recorded in the previous month.
Japan - Trade Balance Data
|Trade Balance (USD billion)||-32.7||-87.3||-117.5||-122.4||-23.3|
5 years of economic forecasts for more than 30 economic indicators.
Japan Trade Balance Chart
Source: Ministry of Finance and FocusEconomics calculations.
|Bond Yield||0.05||4.26 %||May 24|
|Exchange Rate||111.5||-0.25 %||May 24|
|Stock Market||19,743||0.66 %||May 24|
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May 26, 2017
In April, the core consumer price index in Japan was flat from the previous month in seasonally-adjusted terms, matching the result in the previous two months.
May 24, 2017
The Nikkei Flash Manufacturing Purchasing Managers’ Index (PMI) fell from April’s revised 52.7 (previously reported: 52.8) to 52.0 in May.
May 22, 2017
Nominal exports in Japan valued in yen increased 7.5% from the same month last year in April, following March’s 12.0% increase.
May 17, 2017
Although core machinery orders (a leading indicator of capital spending over a three- to six-month period) expanded for the second consecutive month in March, they weakened in Q1 compared to Q4 2016, suggesting that businesses investment likely weakened in the three months up to March.
May 16, 2017
Improving domestic demand, coupled with resilient activity in the all-important external sector, propelled growth at the outset of the year.