FX.co ★ Japan Trade Surplus Below Estimates

In June 2025, Japan's trade surplus decreased to JPY 153.1 billion from JPY 221.3 billion in the same month the previous year, not meeting the market forecast of a JPY 353.9 billion surplus. Exports saw a 0.5% decline year-over-year to JPY 9,162.6 billion. This represents the second consecutive monthly decrease and contrasts with the predicted 0.5% increase, attributed to heightened U.S. tariffs negatively impacting international demand. In contrast, imports rose by 0.2% to JPY 9,009.5 billion, marking the first upswing in three months and surpassing the anticipated 1.6% decrease. This growth in imports was fueled by government initiatives designed to strengthen domestic demand among households and businesses.