Japan Trade

Japan

Japan: Export growth decelerates slightly in July

August 19, 2015

In July, nominal exports valued in yen expanded 7.6% over the same month last year, which represented a deceleration over the 9.5% increase recorded in June. That said, the print overshot the 5.2% increase that market analysts had expected.

Imports contracted 3.2% annually in July, which followed the 2.9% drop tallied in June. The print was above the 8.2% decrease that market analysts had expected. Imports continue to fall as the decline in energy prices is cutting costs.

As a result, the trade balance recorded a JPY 268 billion deficit (USD 2.2 billion) in July. Although the reading was better than the JPY 967 billion deficit tallied in the same month last year, it exceeded the JPY 53.0 billion shortfall that economists had expected. In the 12 months up to July, the trade deficit was JPY 6.2 trillion, which was down from the JPY 6.9 trillion shortfall that was recorded in the previous month and represented the smallest deficit since September 2012.


Author: Ricard Torné, Lead Economist

Sample Report

Looking for forecasts related to Trade in Japan? Download a sample report now.

Download

Japan Trade Chart


Japan Trade12m July 2015

Note: 12-month sum of trade balance in USD billion and annual variation of the 12-month sum of exports and imports in %.
Source: Ministry of Finance and FocusEconomics calculations.


Japan Economic News

  • Japan: Core inflation inches up in June

    July 20, 2018

    The core consumer price index rose 0.1% in month-on-month seasonally-adjusted terms in June, up from May’s flat reading. Core inflation was up a notch to 0.8% in June from 0.7% in May, which was in line with market expectations.

    Read more

  • Japan: Machinery orders decline in May

    July 11, 2018

    Although core machinery orders—a leading indicator of capital spending over a three- to six-month period—contracted in May, the fall was weaker-than-expected, suggesting that capital expenditure will gain steam further down the road.

    Read more

  • Japan: Business confidence weakens in Q2

    July 2, 2018

    According to the Bank of Japan’s quarterly Tankan business survey, sentiment among large manufacturers fell in the second quarter of 2018, suggesting economic momentum has yet to gain traction following a weak first quarter.

    Read more

  • Japan: Consumer confidence declines marginally in June

    June 29, 2018

    Consumer sentiment inched down to 43.7 in June from 43.8 in May, coming in just below market expectations of a stable print.

    Read more

  • Japan: Industrial production falls in May

    June 29, 2018

    Industrial production contracted 0.2% on a month-on-month and seasonally-adjusted basis in May, contrasting April’s revised 0.5% increase (previously reported: +0.3% month-on-month).

    Read more

More news

Search form