Japanese Exports for May 2025 -1.7% y/y vs. expected -3.8%

Japanese trade data, also machine orders data.

Trade Balance for May 2025 -637.6bn yen

• expected -896.5bn, prior –115.6bn

Trade Balance Adjusted -305.5bn yen

• expected –359.0bn, prior -408.9bn

Exports -1.7% y/y, the first negative in eight months

• expected –3.7%, prior +2.0%

Imports -7.7% y/y

• expected –5.9%, prior –2.2%

Exports to Asia +0.4% year/year

• to China -8.8%
• to EU +4.9%
• to U.S. -11.1%

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Also,

Japan Core Machine Orders (a highly volatile data
series regarded as a leading indicator of capital spending in
the coming six to nine months) for April 2025:

-9.1% m/m

• expected –9.5%, prior +13.0%

Core Machine Orders +6.6% y/y

• expected +4.2%, prior +8.4%

This article was written by Eamonn Sheridan at www.forexlive.com.