Merchandise Trade Balance Total
The Merchandise Trade Balance Total released by the Ministry of Finance is a measure of balance amount between import and export. A positive value shows a trade surplus while a negative value shows a trade deficit. Japan is so much dependant on exports that the Japanese economy heavily relies on a trade surplus. Therefore, any variation in the figures influences the domestic economy. If a steady demand in exchange for Japanese exports is seen, that would turn into a positive.
Next Event -
The typical/expected impact on JPY pairs is Medium.
Lower numbers than forecast tend to be bullish for xxx/JPY pairs and bearish for JPY/xxx pairs.
Most Recent -
Higher numbers than forecast tend to be bullish for JPY/xxx pairs and bearish for xxx/JPY pairs.
Past Events
| Date | Time | Actual | Consensus |
|---|---|---|---|
| 16 December 2025 | 23:50 | ¥322.2B | ¥71.2B |
| 20 November 2025 | 23:50 | ¥-231.8B | ¥-280B |
| 21 October 2025 | 23:50 | ¥-234.6B | ¥22B |
| 16 September 2025 | 23:50 | ¥-242.5B | ¥-513.6B |
| 19 August 2025 | 23:50 | ¥-117.5B | ¥196.2B |
| 16 July 2025 | 23:50 | ¥153.1B | ¥353.9B |
| 17 June 2025 | 23:50 | ¥-637.6B | ¥-893B |
| 20 May 2025 | 23:50 | ¥-115.8B | ¥227.1B |
| 16 April 2025 | 23:50 | ¥544.1B | ¥485.3B |
| 18 March 2025 | 23:50 | ¥584.5B | ¥722.8B |
| 18 February 2025 | 23:50 | ¥-2,758.8B | ¥-2,100B |
| 22 January 2025 | 23:50 | ¥130.9B | ¥-55B |
| 17 December 2024 | 23:50 | ¥-117.6B | ¥-688.9B |
| 19 November 2024 | 23:50 | ¥-461.2B | ¥-360.4B |
| 16 October 2024 | 23:50 | ¥-294.3B | ¥-237.6B |
| 17 September 2024 | 23:50 | ¥-695.3B | ¥-1,380B |
| 20 August 2024 | 23:50 | ¥-621.8B | ¥-330.7B |
| 17 July 2024 | 23:50 | ¥224B | ¥-240B |
| 18 June 2024 | 23:50 | ¥-1.22B | ¥-1,300B |
| 21 May 2024 | 23:50 | ¥-462.5B | ¥-339.5B |