Trade Balance in Japan
Japan - Trade Balance
Exports rebound strongly in December
Exports rebounded in December, putting an end to fourteen consecutive months of decline. The sharp depreciation of the yen in the final months of 2016 and improving global demand were behind December’s rise in exports. Nominal exports valued in yen rose 5.4% from the same month of the previous year in December, contrasting November’s 0.4% drop. The print exceeded the 1.1% increase that market analysts had expected.
Imports contracted 2.6% annually in December, which was above November’s 8.8% drop. The decline was worse than the 0.8% drop that the markets had expected but represented the softest contraction in two years.
As a result, the trade balance recorded a JPY 641 billion surplus (USD 5.6 billion) in December. The reading overshot the JPY 139 billion deficit registered in the same month of the previous year. In the 12 months up to December, the trade surplus rose to JPY 4.1 trillion, which was up from the JPY 3.6 trillion recorded in the previous month and represented the highest reading since April 2011.
U.S. President Donald Trump’s decision to withdraw from the Trans-Pacific Partnership trade agreement, which counted Japan among its signatories, is casting a long shadow on Japan’s trade outlook.
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||0.10||4.40 %||Feb 16|
|Exchange Rate||113.2||-0.81 %||Feb 16|
|Stock Market||19,348||-0.47 %||Feb 16|
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February 13, 2017
Although the economy managed to expand for the fourth consecutive quarter in Q4, growth softened in the October-December period as a result of stagnating private demand.
February 9, 2017
Core machinery orders (a leading indicator of capital spending over a three- to six-month period) rebounded in December and expanded at the fastest pace since June 2016.
February 2, 2017
Consumer sentiment in Japan rose marginally from December’s 43.1 to 43.2 in January, which marked the highest reading since September 2013.
January 31, 2017
Industrial production expanded 0.5% in December compared to the previous month in seasonally-adjusted terms, below November’s 1.5% reading.
January 31, 2017
The Bank of Japan (BoJ) maintained its monetary policy at its 30–31 January meeting, voting to continue with its Quantitative and Qualitative Monetary Easing (QQE) with Yield Curve Control program as long as is necessary to achieve its 2.0% inflation target.