Japão Balança Comercial

Japan's trade deficit decreased significantly to JPY 637.61 billion in May 2025 from JPY 1,225.17 billion in the same month last year, beating market expectations of a JPY 893 billion gap. Exports declined 1.7% year-on-year to a four-month low of JPY 8,134.99 billion, swinging from a 2.0% gain in the previous month and marking the first drop since September 2024 amid rising U.S. tariffs. Meanwhile, imports fell at a faster pace of 7.7% to a three-month low of JPY 8,772.60 billion, pointing to the steepest contraction since January 2024 and following a 2.2% decline in April. The drop in imports also outpaced forecasts for a 6.7% decrease, indicating waning domestic demand and weakening business investment.