AI Data Insight
Japan's Q3 2026 trade deficit widened to 634.5 billion yen, higher than the previous Q2 2026 deficit of 409.9 billion yen, marking the third consecutive month of deficit, though slightly better than market expectations. Driven by a weak yen and geopolitically elevated oil prices, crude oil import costs soared, offsetting the record-high exports fueled by AI and semiconductor equipment. Looking ahead, high energy prices and slowing global terminal demand will continue to test Japan's export competitiveness.