FX.co ★ Japan Trade Surplus Above Forecasts

In March 2025, Japan's trade surplus expanded to JPY 544.1 billion, up from JPY 349.9 billion in the same month the previous year. This figure exceeded market forecasts, which had anticipated a surplus of JPY 485.3 billion, as export growth outstripped that of imports. Exports climbed by 3.9% year-on-year, reaching a three-month high of JPY 9,847.8 billion and marking the sixth consecutive month of growth. Although this growth was slightly under the predicted 4.5%, it demonstrated a robust performance. In contrast, imports increased at a more moderate rate of 2%, totaling JPY 9,303.8 billion. This rise followed a 0.7% decline in February but did not meet the expected 3.1% increase.