Live Nowcast — 2026 Q2 (no official figure yet)
Produced by a tournament of forecasting models judged on real out-of-sample accuracy — the figure below is the deployed model’s current read, refreshed automatically as official data and news arrive.
Recent official figures (solid) and the current nowcast (dot) with its typical-error range. Every past forecast is kept on the books — see how the number is made.
Nowcasting Macro's latest nowcast puts Japan Merchandise Imports at 118.94 for 2026 Q2, against the most recent official figure of 119.55 for 2026 Q1.
That points to a decline of about 0.61 index points from the last print.
Imports of goods and services in volume terms — how much the economy buys from abroad, adjusted for prices.
Across our walk-forward backtest, the model deployed for this series has typically landed within ±4.56 of the published actual.
Over the past 4 quarters the series has risen from 118.00 (2025 Q1) to 119.55 (2026 Q1).
Higher = stronger domestic demand pulling in foreign goods, in real terms. Index levels are comparable across countries in growth terms (own 2015 = 100). For ASEAN economies the index tracks trade values (incl. price effects), not volumes.
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