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Pair · Q2 2026 · Aug 2025–Jul 2026

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

Finance to trade

positions ÷ goods, both directions
Finance to trade6.7×positions ÷ goods, both directions
Financial positions, both directions90.0USD bn
Goods, both directions13.5USD 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.

SinceItaly → JapanJapan → Italyother report (mirror gap)estimated
Goods · 12-month windows, monthly · USD bnJul 2026 · 13.5 / 5.601020Bank claims · quarterly · USD bnQ2 2026 · 0.6 / –011Portfolio holdings · half-yearly · USD bnDec 2025 · 17.5 / 67.1050100Direct investment · annual · USD bn2024 · 0.9 / 3.9035Finance to trade · quarterly, positions both ways ÷ goods both waysQ2 2026 · 6.7×0.0×10×20×20062008201020122014201620182020202220242026
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 Italy → Japan

Aug 2025–Jul 2026

exports of Italy to Japan, 12 months

Exports, 12 months13.5USD bnreported
1.39importer’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 → Italy

Aug 2025–Jul 2026

exports of Japan to Italy, 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.

Italy → Japan

Q2 2026

loans and deposits of banks in Italy on residents of Japan

Position0.6USD bn
Flow in the quarter−0.2USD bnas published by the BIS
Sources

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

Japan → Italy

Q2 2026

loans and deposits of banks in Japan on residents of Italy

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.

Italy → Japan

Q4 2025

securities issued in Japan held by investors in Italy

Total17.5USD bn
Equity6.6USD bn
Debt securities10.9USD bn
Sources

Holder to issuer, Q4 2025.

Japan → Italy

Q4 2025

securities issued in Italy held by investors in Japan

Total67.1USD bn
Equity8.5USD bn
Debt securities58.6USD bn
Sources

Holder to issuer, Q4 2025.

Italy → Japan

2024

position of investors in Italy in Japan

Position0.9USD bn
Reportthe host’s
Sources

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

Japan → Italy

2024

position of investors in Japan in Italy

Position3.9USD bn
Reportthe host’s
Sources

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