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Pair · Q2 2026 · Aug 2025–Jul 2026

Goods, bank claims, portfolio holdings and direct investment between China and Japan, each channel at its own period. Left, China to Japan; right, Japan to China.

Finance to trade

positions ÷ goods, both directions
Finance to trade0.7×positions ÷ goods, both directions
Financial positions, both directions258USD bn
Goods, both directions351USD bn

Bank, and positions in both directions over goods trade in both directions; financial centres show very high ratios because they hold securities for others.

Positions at the periods above, goods in the 12-month window. Calculations: datasteg.

The pair through time

2006–Jul 2026

Each channel at its own period on one time axis: goods every month (12-month windows), bank claims every quarter, portfolio holdings every half year, direct investment every year, and below them the finance-to-trade ratio by quarter. Solid lines are reported flows, dashed stretches estimated; the band between a goods line and its other report is the mirror gap where both reports exist. A month with no goods line is one where the pair fell below trade-flow’s 1,500 largest flows.

SinceChina → JapanJapan → Chinaother report (mirror gap)estimated
Goods · 12-month windows, monthly · USD bnJul 2026 · 183 / 1680125250Bank claims · quarterly · USD bnnot reported011Portfolio holdings · half-yearly · USD bnDec 2025 · 25.6 / 38.802550Direct investment · annual · USD bn2024 · 2.7 / 1910125250Finance to trade · quarterly, positions both ways ÷ goods both waysnot reported0.0×1.0×2.0×20062008201020122014201620182020202220242026
Sources

The ratio starts in 2009, when the direct-investment survey begins: bank claims at the quarter, portfolio and direct investment at their latest period at or before it, goods in the 12 months to the quarter end. Calculations: datasteg global-network.

Goods China → Japan

Aug 2025–Jul 2026

exports of China to Japan, 12 months

Exports, 12 months183USD bnreported
–importer’s report ÷ exporter’s
Sources

Window Aug 2025–Jul 2026. Importer-reported where filed, partner-reported or estimated otherwise (tagged). Mirror ratio: the importer’s report over the exporter’s.

Goods Japan → China

Aug 2025–Jul 2026

exports of Japan to China, 12 months

Exports, 12 months169USD bnspliced
–importer’s report ÷ exporter’s
Sources

Window Aug 2025–Jul 2026. Importer-reported where filed, partner-reported or estimated otherwise (tagged). Mirror ratio: the importer’s report over the exporter’s.

China → Japan

Q2 2026

loans and deposits of banks in China on residents of Japan

Position–Not reported
Flow in the quarter–
Sources

Loans and deposits, all sectors and currencies, residence basis, Q2 2026. Flow as published by the BIS.

Japan → China

Q2 2026

loans and deposits of banks in Japan on residents of China

Position–Not reported
Flow in the quarter–
Sources

Loans and deposits, all sectors and currencies, residence basis, Q2 2026. Flow as published by the BIS.

China → Japan

Q4 2025

securities issued in Japan held by investors in China

Total25.6USD bn
Equity9.7USD bn
Debt securities16.0USD bn
Sources

Holder to issuer, Q4 2025.

Japan → China

Q4 2025

securities issued in China held by investors in Japan

Total38.8USD bn
Equity10.8USD bn
Debt securities28.0USD bn
Sources

Holder to issuer, Q4 2025.

China → Japan

2024

position of investors in China in Japan

Position2.7USD bn
Reportthe host’s
Sources

Investor to host, 2024; one report per pair, the host’s first.

Japan → China

2024

position of investors in Japan in China

Position191USD bn
Reportthe host’s
Sources

Investor to host, 2024; one report per pair, the host’s first.