Japan: Import Value: MoM

Macro

2026-05-21

Description

The Japan Import Value: Month-over-Month (MoM) Change is released by the Ministry of Finance (MOF). This indicator measures the percentage change in the total value of goods imported by Japan compared to the previous month. It is used to gauge domestic demand for foreign goods and services, providing insights into economic activity and consumer spending. Higher-than-expected growth can indicate robust domestic demand, while lower-than-expected growth or a decline might suggest weakening demand.

The data is updated monthly and is typically released around the middle of the following month.

Published by
Ministry of Finance of Japan (Choice)
Frequency
Monthly
Next Update
Hashtags
Import Japan

AI Data Insight

Japan's import value month-over-month (MoM) growth rate for April 2026 (Q2 2026) recorded -1.2858%, a sharp drop from the previous 8.6285%, turning from positive to negative. Although the year-over-year (YoY) increase still beat market expectations, geopolitical tensions in the Middle East caused a plunge in imports of energy such as crude oil, becoming the main factor dragging down overall monthly import momentum. Looking ahead, vigilance is required regarding restocking costs and imported inflation pressures after the depletion of strategic inventories.

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AI Data Insight

Japan's import value month-over-month (MoM) growth rate for April 2026 (Q2 2026) recorded -1.2858%, a sharp drop from the previous 8.6285%, turning from positive to negative. Although the year-over-year (YoY) increase still beat market expectations, geopolitical tensions in the Middle East caused a plunge in imports of energy such as crude oil, becoming the main factor dragging down overall monthly import momentum. Looking ahead, vigilance is required regarding restocking costs and imported inflation pressures after the depletion of strategic inventories.

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Macro
Description

The Japan Import Value: Month-over-Month (MoM) Change is released by the Ministry of Finance (MOF). This indicator measures the percentage change in the total value of goods imported by Japan compared to the previous month. It is used to gauge domestic demand for foreign goods and services, providing insights into economic activity and consumer spending. Higher-than-expected growth can indicate robust domestic demand, while lower-than-expected growth or a decline might suggest weakening demand.

The data is updated monthly and is typically released around the middle of the following month.

Published by
Ministry of Finance of Japan (Choice)
Frequency
Monthly
Next Update
Hashtags
Import Japan