Japan June trade data: Exports -0.5% y/y (vs. expected +0.5%)

Japan June 2025 trade data

Imports +0.2% year/year

• expected -1.6%, prior -7.7%

Exports -0.5% year/year

• expected +0.5%, prior -1.7%

Trade balance +153.1 bln yen

• expected 353.9bn yen, prior -638.6bn yen

Exports

• To U.S. -11.4% year/year
• To China -4.7% year/year
• To Asia +1.7% year/year
• To EU +3.6% year/year

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While imports improved the slump for exports will not be welcome. USD/JPY is up to around 148.03 from under the figure prior to the data.

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In other news from Japan today, Alimentation Couche-Tard has withdrawn its record-breaking $46bn proposal to acquire Japan’s Seven & i Holdings.