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Pair · Q2 2026 · Aug 2025–Jul 2026

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

Finance to trade

positions ÷ goods, both directions
Finance to trade4.0×positions ÷ goods, both directions
Financial positions, both directions195USD bn
Goods, both directions48.6USD 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.

SinceJapan → GermanyGermany → Japanother report (mirror gap)estimated
Goods · 12-month windows, monthly · USD bnJul 2026 · 26.5 / 22.102550Bank claims · quarterly · USD bnnot reported011Portfolio holdings · half-yearly · USD bnDec 2025 · 95.6 / 61.20125250Direct investment · annual · USD bn2024 · 38.1 / 0.502550Finance 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 Japan → Germany

Aug 2025–Jul 2026

exports of Japan to Germany, 12 months

Exports, 12 months26.5USD bnreported
1.38importer’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 Germany → Japan

Aug 2025–Jul 2026

exports of Germany to Japan, 12 months

Exports, 12 months22.1USD bnreported
0.99importer’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.

Japan → Germany

Q2 2026

loans and deposits of banks in Japan on residents of Germany

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.

Germany → Japan

Q2 2026

loans and deposits of banks in Germany 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 → Germany

Q4 2025

securities issued in Germany held by investors in Japan

Total95.6USD bn
Equity29.9USD bn
Debt securities65.7USD bn
Sources

Holder to issuer, Q4 2025.

Germany → Japan

Q4 2025

securities issued in Japan held by investors in Germany

Total61.2USD bn
Equity36.8USD bn
Debt securities24.4USD bn
Sources

Holder to issuer, Q4 2025.

Japan → Germany

2024

position of investors in Japan in Germany

Position38.1USD bn
Reportthe host’s
Sources

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

Germany → Japan

2024

position of investors in Germany in Japan

Position0.5USD bn
Reportthe host’s
Sources

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