Adjusted Merchandise Trade Balance

The Adjusted Merchandise Trade Balance is released by the Ministry of Finance and it's a seasonal measure of balance amount between import and export. A positive value shows a trade surplus while a negative value shows a trade deficit. Japan is so much dependant on exports. A high reading is positive for the JPY, while a low reading is seen as negative (or bearish).

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Most recent - Tuesday 19 August 2025 23:50

Revised

¥-247.6B

Forecast

-

Actual

¥-303B

Trading range

Forecast history

The most recent announced value for Adjusted Merchandise Trade Balance was ¥-303B.

Past events

Date

Forecast

Actual

Tuesday 19 August 2025 23:50

-

¥-303B

Wednesday 16 July 2025 23:50

-

¥-235.5B

Tuesday 17 June 2025 23:50

-

¥-305.5B

Tuesday 20 May 2025 23:50

-

¥-408.91B

Wednesday 16 April 2025 23:50

-

¥-233.6B

Tuesday 18 March 2025 23:50

-

¥182.3B

Tuesday 18 February 2025 23:50

-

¥-856.6B

Wednesday 22 January 2025 23:50

-

¥-33B

Tuesday 17 December 2024 23:50

-

¥-384.2B

Tuesday 19 November 2024 23:50

-

¥-357.7B

Wednesday 16 October 2024 23:50

-

¥-187.2B

Tuesday 17 September 2024 23:50

-

¥-595.9B

Tuesday 20 August 2024 23:50

-

¥-755.2B

Wednesday 17 July 2024 23:50

-

¥-816.8B

Tuesday 18 June 2024 23:50

-

¥-618.2B

Tuesday 21 May 2024 23:50

-

¥-560.8B

Tuesday 16 April 2024 23:50

-

¥-701.5B

Wednesday 20 March 2024 23:50

-

¥-451.6B

Tuesday 20 February 2024 23:50

-

¥235.3B

Tuesday 23 January 2024 23:50

-

¥-412.7B

Tuesday 19 December 2023 23:50

-

¥-408.9B

Wednesday 15 November 2023 23:50

-

¥-462B

Wednesday 18 October 2023 23:50

-

¥434.1B

Tuesday 19 September 2023 23:50

-

¥-555.7B

Wednesday 16 August 2023 23:50

-

¥-557.2B

Wednesday 19 July 2023 23:50

-

¥-553.2B

Wednesday 14 June 2023 23:50

¥-1116.6B

¥-777.8B

Wednesday 17 May 2023 23:50

¥-1208B

¥-1017.2B

Wednesday 19 April 2023 23:50

¥-1514.5B

¥-1209.9B

Wednesday 15 March 2023 23:50

¥-1812.7B

¥-1190.7B

Wednesday 15 February 2023 23:50

¥-1763B

¥-1821.3B

Wednesday 18 January 2023 23:50

-

¥-1724.2B

Wednesday 14 December 2022 23:50

¥-2263.4B

¥-1732.3B

Wednesday 16 November 2022 23:50

-

¥-2299.2B

Wednesday 19 October 2022 23:50

¥-2376.4B

¥-2009.8B

Wednesday 14 September 2022 23:50

¥-2152.3B

¥-2371.3B

Economic context

Recent economic data has been strongly bearish for JPY. Other recent announcements which may affect the market's interpretation of the next Adjusted Merchandise Trade Balance result:

		Previous	Latest
Large Retailer Sales	Bullish change	1%	2%
Retail Trade (YoY)	Bearish change	1.9%	0.3%
Retail Trade s.a (MoM)	Bearish change	0.9%	-1.6%
Tokyo Consumer Price Index (YoY)	Bearish change	2.9%	2.6%
Tokyo CPI ex Food, Energy (YoY)	Bearish change	3.1%	3%
Tokyo CPI ex Fresh Food (YoY)	Bearish change	2.9%	2.5%
Unemployment Rate	Bullish change	2.5%	2.3%
National Consumer Price Index (YoY)	Bearish change	3.3%	3.1%
National CPI ex Food, Energy (YoY)	(no change)	3.4%	3.4%
National CPI ex Fresh Food (YoY)	Bearish change	3.3%	3.1%
Exports (YoY)	Bearish change	-0.5%	-2.6%
Imports (YoY)	Bearish change	0.3%	-7.5%
Merchandise Trade Balance Total	Bearish change	¥152.1B	¥-117.5B

About Adjusted Merchandise Trade Balance

Country:	Japan
Currency:	JPY
Source:	Ministry of Finance of Japan
Category:	Capital Flows
Frequency:	Monthly

Related events

	Australia		Trade Balance (MoM)
	Australia		Exports (MoM)
	Australia		Imports (MoM)
	Canada		Current Account
	China		Imports (YoY)
	China		Exports (YoY)
	China		Trade Balance USD
	China		Trade Balance CNY
	China		Imports (YoY) CNY
	China		Exports (YoY) CNY
	Germany		Trade Balance s.a.
	Japan		Merchandise Trade Balance Total
	Japan		Exports (YoY)
	Japan		Imports (YoY)
	Japan		Current Account n.s.a.
	New Zealand		Exports
	New Zealand		Trade Balance NZD (YoY)
	New Zealand		Imports

Calendar - Adjusted Merchandise Trade Balance - Japan