Fed vs BoJ: Imports and exports

In BOJ Minutes and Statements dated to 2012, the economy is always recovering moderately.  Most vital to statements is Rsks to overseas economies. The risk aspect is directed at the Fed to hold and allow positive trade. As mentioned, current trade hangs in the balance.

End of month and as usual BOJ is out again just before the release of trade data. Early and middle 2000's , BOJ was out nightly jawboning to USD/JPY. Only difference is today, they come out monthly and the words contain no effect until trade is imbalanced.

Trade imbalance is key rather than the level of USD/JPY. The BOJ for example had every good purpose to intervene anytime in 2022 but they waited until USD/JPY was severely overbought in relation to Imports and Exports.

February 2024 trade

Fed  Monthly Imports 0.3 Vs Exports 0.8. Yearly = -0.8 Vs Exports -1.8.

BOJ  Monthly Vs 1.1 Imports Vs Exports 1.3  Yearly  Exports 8.8 Vs Imports 0.2.

Most vital Fed Imports 0.3 Vs BOJ  1.3 and yearly 0.8 Fed and 0.2 BOJ.

BOJ Import Average = 0.857 Vs Exports 0.579, a difference of 0.2.

Current BOJ wins the trade question  and no intervention however the Export average trades massive overbought.

Fed cuts 150 points

March 2020.  Fed Vs BOJ.

Imports -4.2 Vs Exports -3.5. BOJ Imports -5.1 Vs Exports -7.7

March 21.  Fed Vs BOJ.

Imports 7.1 Vs Exports 9.6. BOJ Imports 3.8 Vs Exports 2.8

March 2022. Fed Vs BOJ.

Imports 13.0 Vs Exports 18.4. BOJ Imports 33.4 Vs Exports 13.1.

June 2022. Fed Vs BOJ.

Fed Raises 400 Points.

Imports 10.7 Vs Exports 18.6. BOJ 46.0 Imports Vs Exports 19.1

Intervention 2022.

September 2022.  Fed Vs BOJ.

Imports 6.1 Vs Exports 9.8. BOJ Imports 46.0 Vs Exports 20.0.

March 2023. Fed vs BOJ.

Imports -4.7 Vs Exports -5.0. BOJ Imports 9.9 Vs Exports 6.9.

BoJ

USD/JPY Average = 142.42. Inflation 3.14. Export Average = 0.579. Import Average - 0.857.