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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
JapanJapan Imports YoY climbed to 27.8% in July 2026
FMPMonthlyReleased August 2026
Japan Imports YoY climbed to 27.8% in July 2026, released August 2026, up 2.4% from June's 25.4% reading. The reading matched the 26.5% consensus. Imports YoY has now risen for 3 consecutive months. Imports YoY is now the highest in 38 months.
Latest Release
27.8
Actual
26.5
Consensus
25.4
Previous
Median Absolute Error
±1.76 percentage points
across last 12 releases
Last Call
Aug 2026
Predicted: 26.35
Actual: 27.8
Error: -1.45
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| EUR/JPY | ▲ Direct | +0.76 | FOREX | Moves with | → View |
| GBP/JPY | ▲ Direct | +0.64 | FOREX | Moves with | → View |
| AUD/JPY | ▲ Direct | +0.49 | FOREX | Moves with | → View |
| Hang Seng | ▲ Direct | +0.34 | INDEX | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Imports YoY (Japan) was reported at 27.8% in August 2026. This beat the market consensus of 26.5% by 1.3%. The reading rose from the previous value of 25.4%. Trailing 12-month context per ETL data through August 2026. Over the past 12 months, the indicator has averaged 6.42%, ranging from -5.2% to 27.8% across 9 releases.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged 16.67%, up from the prior three at 3%. Volatility over the past year (σ 9.44%) is higher than the prior year (σ 5.99%). In August readings over the past 3 years, Imports YoY has averaged 12.3%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with EUR/JPY (Bullish EUR). A secondary relationship exists with GBP/JPY, positively correlated (Bullish GBP). Over the last 12 releases, the Sigmacast model's median absolute error is 1.76%.
WHAT TO WATCH NEXT
The next release is scheduled for September 15, 2026. Same-country events in the next 14 days include Current Account (Sep 7) and GDP Growth Rate QoQ (Sep 7).
Auto-generated from current model state · Refreshes on each release · Last update August 2026.
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Imports YoY - JP
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About Imports YoY — Japan
DEFINITION
Imports YoY is a financial indicator that measures the year-over-year change in the total value of goods and services imported into a country. It provides valuable insights into a country's economic health and its trade relationships with other nations. A positive Imports YoY indicates an increase in imports, which can stimulate economic growth and consumer demand. On the other hand, a negative Imports YoY may suggest a decline in economic activity and potential trade imbalances. This indicator is closely monitored by investors, policymakers, and businesses to make informed decisions and assess the overall health of a country's economy.
WHY THIS INDICATOR MATTERS
Trade-balance and tariff data inform exchange-rate fundamentals and feed directly into GDP via the net-exports channel. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Jul 2026): actual 27.8 %, consensus 26.5 %. Prior reading (May 2026): 12.5 %. Before that (Apr 2026): 9.7 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a higher reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with EUR/JPY (Bullish EUR, r=0.76) — a useful reference for forex-focused traders.
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Economic Calendar - JP Events
| Monday, September 7, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 05:00 | JP | Coincident Index | 118.5 | 118.8 | 118.80 | Low | |
| 05:00 | JP | CB Leading Index | 116.5 | 118.1 | 118.10 | Low | |
| 23:30 | JP | Average Cash Earnings YoY | 3.4 | 3.9 | 3.90 | Low | |
| 23:30 | JP | Overtime Pay YoY | 2.8 | 3.9 | 3.90 | Low | |
| 23:50 | JP | Bank Lending YoY | 5.4 | 5.5 | 5.55 | Low | |
| 23:50 | JP | Current Account | -92.3 | 2870 | 3255.00 | Medium | |
| 23:50 | JP | GDP External Demand QoQ | 0.5 | 0.3 | 0.5 | 0.50 | Low |
| 23:50 | JP | GDP Private Consumption QoQ | 0 | 0.3 | 0.5 | 0.38 | Low |
| 23:50 | JP | GDP Growth Rate QoQ | 0.3 | 0.5 | 0.4 | 0.43 | Medium |
| 23:50 | JP | GDP Price Index YoY | 2.6 | 3.2 | 2.6 | 2.55 | Low |
| 23:50 | JP | GDP Capital Expenditure QoQ | -1.2 | -0.7 | -0.8 | -0.85 | Low |
| 23:50 | JP | GDP Growth Annualized | 1.1 | 1.8 | 1.1 | 1.23 | Medium |
| 23:50 | JP | Gross Domestic Product QoQ | 1.8 | 1.1 | 0.95 | Medium | |
| Tuesday, September 8, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 05:00 | JP | Eco Watchers Survey Current | 45.7 | 46.3 | 47.45 | Low | |
| 05:00 | JP | Eco Watchers Survey Outlook | 45.8 | 46.1 | 46.45 | Low | |
| 23:00 | JP | Reuters Tankan Index | 18 | 15 | 15.00 | Low | |
| Wednesday, September 9, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 06:00 | JP | Machine Tool Orders YoY | 50.4 | 43 | 43.20 | Low | |