---
title: "Japan · Merchandise Trade Balance Total: -536.6B · Oct 20, 2026"
description: "US data, Oct 20, 2026: actual -536.6B, forecast -181.0B, previous -1,105.6B · BELOW FORECAST. The full read is on Helious, with the market reaction."
source: Helious
canonical: "https://helious.io/news/rel-ev-21029e73b1c04e76/japan-merchandise-trade-balance-total-536-6b"
---

Economic release
              20 Oct 2026, 23:50 UTC



# Japan · Merchandise Trade Balance Total: -536.6B




           Actual-536.6B
           Forecast-181.0B
           Previous-1,105.6B

               Surprise
               -1.19σ

           VerdictBELOW FORECAST
           ReadJGBs BULLISH · Equities BULLISH


            Japan · Merchandise Trade Balance Total: Actual -536.6B, forecast -181.0B, prev -1,105.6B. Surprise: BELOW FORECAST by 1.2 sigma. Desk read: JGBs BULLISH · Equities BULLISH.






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