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Economic Buzz: Japan's trade surplus narrows to JPY 105.7 billion
22-Jan-2026 09:40
Japan recorded a smaller trade surplus of JPY 105.7 billion in December 2025, down from JPY 120.3 billion a year earlier, as the pace of import growth slightly exceeded that of exports. Import values rose 5.3% from a year earlier to JPY 10,305.8 billion, the strongest level in 11 months and the fourth consecutive monthly increase amid resilient domestic demand supported by the Takaichi government's expansive stimulus programme. At the same time, exports increased 5.1% year-on-year to an all-time high of JPY 10,411.5 billion, extending their upward trend for a fourth month, helped by solid overseas demand at year-end and a weaker yen.

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