|Medium||¥-930.4 B||¥67.4 B||
Japan's Trade Balance Index shows difference between exports and imports. The trade balance measures the difference in value between imported and exported goods during the reporting period. A positive value indicates a trade surplus, while a negative one hints at a trade deficit. A positive value indicates that more goods and services were exported than imported.
Japan is not a country where crude oil can be taken, so most of the energy is dependent on oil producing countries. There are also hydro, geothermal, wind and nuclear power, but these types have a smaller share compared to thermal power. Therefore, the country has to import crude oil in large quantities, which has a big influence on the balance of trade.
Japan's trade balance went into red, when oil prices rose sharply, but basically it is always in the black. This is because the export of Japan comprises of high value-added industrial products, while imports tend to include a lot of energy and industrial raw materials and are significantly less likely to increase.
The impact of the Trade Balance report on the Japanese Yen is ambiguous and depends on many other economic indicators
The chart of the entire available history of the "Japan Trade Balance" macroeconomic indicator. The dashed line shows the forecast values of the economic indicator for the specified dates.
A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.
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The Calendar data are provided as is. The economic news release frequency and schedule, as well as the economic parameters' values may change without our knowledge. You can use the provided information, but you accept all the risks associated with making trade decisions based on the Calendar data.