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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July 1, 2020
Business sentiment among large manufacturers regarding current business conditions came in at negative 34.0 in Q2, down from the negative 8.0 reading in Q1.
July 1, 2020
The consumer confidence index came in at 28.4 in June, up from May's 24.0.
June 30, 2020
Industrial production dropped 8.4% month-on-month in seasonally-adjusted terms in May (April: -9.8% mom), according to a first estimate.
June 23, 2020
The Jibun Bank Composite Purchasing Managers’ Index (PMI), which combines the PMIs of the services and manufacturing sectors, climbed to 37.9 in June, up from 27.4 in May, according to a flash reading.
June 19, 2020
The core consumer price index, which excludes the price of fresh food, decreased 0.1% month-on-month in seasonally-adjusted terms in May, after falling 0.5% in April.