Mount Fuji, Japan

Japan Trade February 2023

Japan: Yen-denominated merchandise exports accelerate in February

Yen-denominated merchandise exports climbed 6.5% year-on-year in February (January: +3.5% year-on-year). Meanwhile, merchandise imports climbed 8.3% on an annual basis in February (January: +17.5% yoy), marking the weakest reading since March 2021.

As a result, the merchandise trade deficit declined to JPY 0.9 trillion in February (January: JPY 3.5 trillion; February 2022: JPY 0.7 trillion).

According to an estimate by Nomura, February’s print mean that real exports in January-February fell 3.3% in seasonally adjusted terms compared to Q4, boding poorly for the external sector.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest