FX.co ★ Japan’s Import Growth Accelerates in July, Extending Year-on-Year Surge

Japan’s imports continued to climb in July 2026, with the year-on-year growth rate rising to 27.8%, up from 25.4% in June 2026. The latest data, updated on 19 August 2026, indicate a further strengthening in import demand compared with the same month a year earlier.

The figures are calculated on a year-over-year basis, meaning July’s 27.8% reading reflects the change in imports versus July of the previous year, while June’s 25.4% figure compares imports with June a year earlier. The acceleration suggests that the upward trend in Japan’s import activity has not only persisted but intensified as the summer progressed.