Japão Balança Comercial

Japan’s trade deficit decreased significantly to JPY 117.6 billion in July 2025 from JPY 628.3 billion in the same month a year earlier. However, it missed market expectations for a JPY 196.2 billion surplus. Exports fell 2.6% year-on-year, marking the third consecutive monthly drop and the sharpest decrease since February 2021, exceeding consensus for a 2.1% decline as sweeping U.S. tariffs dampened overseas demand. Meanwhile, imports shrank 7.5%, the fourth contraction so far this year, faring better than the forecast 10.4% fall and reversing a marginally revised 0.3% rise in June.