FX.co ★ Japan Exports Unexpectedly Fall

Japan's exports experienced a year-on-year decline of 0.5% in June 2025, amounting to JPY 9,162.6 billion. This marks the second consecutive monthly decrease, falling short of market expectations that predicted a 0.5% increase. This downturn is attributed to escalating tariffs imposed by the U.S., which have dampened foreign demand. Specifically, shipments to the U.S. fell by 11.4%, marking the third month of consecutive decline. Exports to China also decreased by 4.7%. However, there were gains in sales to other regions, including the EU with a rise of 3.6%, Russia at 19.2%, and ASEAN countries with an increase of 4.9%.