Trade Balance in Japan
Japan - Trade Balance
Exports slump in March as external demand shrivels
Yen-denominated merchandise exports dropped 11.7% in year-on-year terms in March, after falling 1.0% in February, largely due to lower machinery and transport equipment shipments. The reading marked the 16th consecutive decline in exports. Imports fell 5.0% in March, after decreasing a revised 13.9% in February (previously reported: -14.0% year-on-year).
The values of merchandise exports and imports were equally matched in March, which, as a balance, was less than the JPY 0.5 trillion surplus logged in the same month a year earlier. The 12-month trailing trade deficit widened to JPY 1.3 trillion in March from JPY 0.8 trillion in February.
Our panelists forecast that exports will decrease 5.6% in 2020 and imports will decrease 1.6%, bringing the trade balance to a deficit of USD 24.2 billion. In 2021, our panelists expect exports to expand 5.2% and imports to expand 4.3%, resulting in a trade deficit of USD 18.9 billion.
Japan - Trade Balance Data
|Trade Balance (USD billion)||-7.7||48.3||44.0||13.2||2.1|
5 years of economic forecasts for more than 30 economic indicators.
Japan Trade Balance Chart
Source: Ministry of Finance and FocusEconomics calculations.
|Bond Yield||-0.02||-4.41 %||Dec 30|
|Exchange Rate||108.7||-0.35 %||Jan 01|
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September 24, 2021
Core consumer prices—which exclude fresh food—dropped 0.10% from the previous month in August, swinging from the 0.40% rise recorded in July.
September 24, 2021
The Jibun Bank Composite Purchasing Managers’ Index (PMI)—which combines the PMIs of the services and manufacturing sectors—rose to 47.7 in September according to a flash reading, up from August’s final figure of 45.5.
September 22, 2021
At its meeting ending on 22 September, the Bank of Japan (BoJ) kept its monetary policy unchanged, as widely expected by market analysts.
September 16, 2021
Yen-denominated merchandise exports rose 26.2% year-on-year in August, following July’s 37.0% jump.
September 15, 2021
Core machinery orders—which cover the private sector, exclude volatile orders and are a leading indicator for capital spending over the coming three-to-six-month period—grew 0.9% in month-on-month seasonally-adjusted terms in July, which contrasted June's 1.5% decrease.