Trade Balance in Japan
Japan - Trade Balance
Export growth slows sharply in November
Nominal yen-denominated merchandise exports rose 0.1% year-on-year in November, following the 8.2% increase in October. The print was below the 1.2% gain that market analysts had expected and represented the second weakest reading in two years.
Meanwhile, import growth decelerated from 19.9% in October to 12.5% in November, overshooting market expectations of a 11.8% increase. The still-robust print reflected strong purchases of petroleum.
As a result of the sharp slowdown in export growth, the merchandise trade balance swung from a JPY 0.4 trillion surplus in November 2017 to a deficit of JPY 0.7 trillion in November 2018 (October 2018: JPY 0.5 trillion deficit). Meanwhile, the 12-month trailing trade balance dipped from a JPY 0.1 trillion surplus in October to a JPY 0.8 trillion deficit in November, marking the first trade shortfall since May 2016.
Japan - Trade Balance Data
|Trade Balance (USD billion)||-117.5||-122.4||-23.3||37.0||26.1|
5 years of economic forecasts for more than 30 economic indicators.
Japan Trade Balance Chart
Source: Ministry of Finance and FocusEconomics calculations.
|Bond Yield||0.01||-4.41 %||Jan 16|
|Exchange Rate||109.1||-0.35 %||Jan 16|
|Stock Market||20,443||0.40 %||Jan 16|
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January 18, 2019
The core consumer price index fell 0.1% in month-on-month seasonally-adjusted terms in December, contrasting November’s flat reading. Core inflation fell from November’s 0.9% to 0.7% in December, the lowest reading in seven months.
January 18, 2019
Industrial production fell 1.0% on a month-on-month and seasonally-adjusted basis in November (previously reported: -1.1% month-on-month), contrasting October’s 2.9% expansion. On an annual basis, industrial output rose 1.5% in November, following the 4.2% increase logged in October.
January 16, 2019
Core machinery orders, a leading indicator for capital spending over a three- to six-month period, stalled in November, suggesting that firms may trim capital expenditure in the coming months.
January 8, 2019
Consumer sentiment fell from 42.9 in November to 42.7 in December, marking the lowest reading since December 2016.
December 21, 2018
The core consumer price index was stable in month-on-month seasonally-adjusted terms in November, down from October’s 0.2% increase. Core inflation inched down to 0.9% in November compared to October’s 1.0%, missing analysts’ expectations of 1.0%.