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Japan's imports rise amid Iran conflict
Japan's imports reached their highest monthly level in July 2026, recording a 27.8% increase compared to the previous year, amounting to 12.1 trillion yen ($76.39 billion). Notably, oil imports surged by 87.8% in value. Exports also hit a record high, rising by 23.2% to reach 11.5 trillion yen, driven by strong demand for semiconductor products and a weakened yen that boosted the competitiveness of Japanese goods in global markets. The data reflects the resilience of the Japanese economy in facing regional and international challenges, with expectations of a rate hike in September to support inflation and monetary policies.
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