Japan Handelsbilanzsaldo

Japan’s trade deficit decreased significantly to JPY 231.8 billion in October 2025 from JPY 499.9 billion in the same month a year earlier, outperforming market estimates of a shortfall of JPY 280 billion. Exports rose 3.6% year-on-year to a seven-month high of JPY 9,766.3 billion, marking a second consecutive month of growth and outpacing forecasts for a 1.1% gain, though the pace eased from September’s 4.2% increase. The yen’s depreciation lifted the value of overseas shipments, partially cushioning the blow from U.S. tariffs. Meanwhile, imports rose 0.7% to a nine-month high of JPY 9,998.1 billion, pointing to a second straight month of increase and defying expectations for a 0.7% decline. The increase reflects front-loaded purchases ahead of winter, especially in energy and raw materials.