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Pair · Q2 2026 · Aug 2025–Jul 2026

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

Finance to trade

positions ÷ goods, both directions
Finance to trade–positions ÷ goods, both directions
Financial positions, both directions39.0USD bn
Goods, both directions–Below the backbone of 1,500 flows

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.

SinceDenmark → JapanJapan → Denmarkother report (mirror gap)estimated
Goods · 12-month windows, monthly · USD bnJan 2013 · 2.3 / –013Bank claims · quarterly · USD bnQ2 2026 · 0.2 / –011Portfolio holdings · half-yearly · USD bnDec 2025 · 20.8 / 14.702550Direct investment · annual · USD bn2024 · 0.8 / 2.501020Finance to trade · quarterly, positions both ways ÷ goods both waysQ4 2012 · 11×0.0×10×20×20062008201020122014201620182020202220242026
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 Denmark → Japan

Aug 2025–Jul 2026

exports of Denmark to Japan, 12 months

Exports, 12 months–Below the backbone of 1,500 flows
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 → Denmark

Aug 2025–Jul 2026

exports of Japan to Denmark, 12 months

Exports, 12 months–Below the backbone of 1,500 flows
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.

Denmark → Japan

Q2 2026

loans and deposits of banks in Denmark on residents of Japan

Position0.2USD bn
Flow in the quarter0.0USD bnas published by the BIS
Sources

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

Japan → Denmark

Q2 2026

loans and deposits of banks in Japan on residents of Denmark

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.

Denmark → Japan

Q4 2025

securities issued in Japan held by investors in Denmark

Total20.8USD bn
Equity20.0USD bn
Debt securities0.8USD bn
Sources

Holder to issuer, Q4 2025.

Japan → Denmark

Q4 2025

securities issued in Denmark held by investors in Japan

Total14.7USD bn
Equity7.0USD bn
Debt securities7.7USD bn
Sources

Holder to issuer, Q4 2025.

Denmark → Japan

2024

position of investors in Denmark in Japan

Position0.8USD bn
Reportthe investor’s
Sources

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

Japan → Denmark

2024

position of investors in Japan in Denmark

Position2.5USD bn
Reportthe host’s
Sources

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