Japan Trade August 2016


Japan: Strong yen continues to weigh on trade in August

September 21, 2016

In August, nominal exports valued in yen declined 9.6% over the same month last year, which followed July’s nearly seven-year low of 14.0%. The fall was steeper than the 4.7% drop that market analysts had expected. A strong yen and subdued global demand are adding pressure on Japan’s all-important external sector.

Imports contracted 17.3% annually in August, which was above July’s 24.7% drop. The print, however, exceeded the 16.6% decrease that market analyst had expected. A strong yen and low energy prices continue to weigh on imports.

As a result, the trade balance recorded a JPY 19 billion deficit (USD 184 million) in August. The reading was up from the JPY 568 billion deficit registered in the same month of the previous year. In the 12 months up to August, the trade surplus rose to JPY 2.0 trillion, which was up from the JPY 1.5 trillion recorded in the previous month and represented the highest reading since June 2011.

Author: Ricard Torné, Lead Economist

Sample Report

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


Japan Trade Chart

Japan Trade12m August 2016

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: 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

  • Japan: Core inflation stable in May

    June 22, 2018

    The core consumer price index rose 0.1% in month-on-month seasonally-adjusted terms in May, reversing April’s 0.1% fall. Core inflation was steady at 0.7% in May, unchanged from April and in line with market expectations.

    Read more

More news

Search form