On October 8, 2025, Japan’s Ministry of Finance released the trade balance data for August. The actual figure was a surplus of JPY 105.9 billion, compared to a forecast of a JPY 111.5 billion deficit and a previous reading of a JPY 189.4 billion deficit.Definition: The goods trade balance measures the difference between a country’s exports and imports of goods over a specific period. A surplus occurs when exports exceed imports, while a deficit indicates the opposite. As an export-oriented economy, Japan experiences capital outflows and weaker economic performance when the goods trade deficit widens. Consequently, a trade surplus tends to support yen appreciation, whereas an expanding deficit typically leads to yen depreciation.This data is rated as having a level 3 importance. The calculation is based solely on the difference between goods exports and imports, excluding services trade. The data is published monthly, with the next release scheduled for November 11, 2025.
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