Challenges
Merchandise Trade Balance Total
Most recent - Tuesday 18 February 2025 23:50
Lower numbers than forecast tend to be bullish for xxx/JPY pairs and bearish for JPY/xxx pairs.
Next event - Tuesday 18 March 2025 23:50
The typical/expected impact on JPY pairs is medium.
There is no forecast value for Merchandise Trade Balance Total yet - check back for updates.
Trading range
Forecast history
The most recent announced value for Merchandise Trade Balance Total was ¥-2758.8B against a forecast of ¥-2100B.
Past events
Economic context
Recent economic data has been moderately bullish for JPY. Other recent announcements which may affect the market's interpretation of the next Merchandise Trade Balance Total result:
| Previous | Latest | ||||
|---|---|---|---|---|---|
| Large Retailer Sales | Bullish change | 3% | 4% | ||
| Retail Trade (YoY) | Bullish change | 3.5% | 3.9% | ||
| Retail Trade s.a (MoM) | Bullish change | -0.8% | 0.5% | ||
| Tokyo CPI ex Fresh Food (YoY) | Bearish change | 2.5% | 2.2% | ||
| Tokyo Consumer Price Index (YoY) | Bearish change | 3.4% | 2.9% | ||
| Tokyo CPI ex Food, Energy (YoY) | Bearish change | 2.5% | 2.2% | ||
| National Consumer Price Index (YoY) | Bullish change | 3.6% | 4% | ||
| National CPI ex Food, Energy (YoY) | Bullish change | 2.4% | 2.5% | ||
| National CPI ex Fresh Food (YoY) | Bullish change | 3% | 3.2% | ||
| Adjusted Merchandise Trade Balance | Bearish change | ¥-221B | ¥-856.6B | ||
| Exports (YoY) | Bullish change | 2.8% | 7.2% | ||
| Imports (YoY) | Bullish change | 1.7% | 16.7% | ||
| Gross Domestic Product (QoQ) | Bullish change | 0.4% | 0.7% | ||
| Gross Domestic Product Annualized | Bullish change | 1.7% | 2.8% | ||
| Gross Domestic Product Deflator (YoY) | Bullish change | 2.4% | 2.8% |
About Merchandise Trade Balance Total
| Country: | Japan |
|---|---|
| Currency: | JPY |
| Source: | Ministry of Finance of Japan |
| Category: | Capital Flows |
| Frequency: | Monthly |
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| China | Trade Balance CNY | ||
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| Germany | Trade Balance s.a. | ||
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| New Zealand | Exports | ||
| New Zealand | Trade Balance NZD (YoY) | ||
| New Zealand | Imports |