Japan Macro Updates

The One Stop Portal for Japan Macroeconomic Data. Simplified and Summarized!

We simplify and summarize key data so that you don’t have to spend hours reading confusing and long media releases. Read key economic releases and major events here in under 2 minutes. And we will explain the key takeaway for you. Stay informed and form a robust view on macroeconomic matters to aid your successful investment decisions

24th Jan 2024

Japan Exports and Imports

Key takeaway: External Trade is an especially important component of GDP for Japan. Hence market participants worldwide pay close attention to data from Japan Customs on exports, imports and the Trade Balance. Growth in Exports in Japan has sharply reduced in the past 12-18 months. The reduction in export growth is also a reflection on a soft global economy. On the other hand, Japan had witnessed a surge in value of imports on the back of higher energy prices in 2022. In a welcome sign for Japan and global investors, Exports rose 9.8% y-o-y and imports declined 6.8% y-o-y in December resulting in a major boost to Trade Balance.  The trade balance recorded positive JPY62bn in December which was a welcome change after having been mostly negative for most of 2022 and 2023. However, whether exports hold up is still uncertain and will be closely watched by all, including the BoJ as a factor for determining future path of monetary policy.