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Pair · Q2 2026 · Aug 2025–Jul 2026

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

Finance to trade

positions ÷ goods, both directions
Finance to trade46×positions ÷ goods, both directions
Financial positions, both directions572USD bn
Goods, both directions12.4USD 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 → FranceFrance → Japanother report (mirror gap)estimated
Goods · 12-month windows, monthly · USD bnJul 2026 · 11.2 / 12.401020Bank claims · quarterly · USD bnQ2 2026 · – / 2550250500Portfolio holdings · half-yearly · USD bnDec 2025 · 188 / 95.90250500Direct investment · annual · USD bn2024 · 14.0 / 19.502550Finance to trade · quarterly, positions both ways ÷ goods both waysQ2 2026 · 45×0.0×50×100×20062008201020122014201620182020202220242026
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 → France

Aug 2025–Jul 2026

exports of Japan to France, 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 France → Japan

Aug 2025–Jul 2026

exports of France to Japan, 12 months

Exports, 12 months12.4USD 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.

Japan → France

Q2 2026

loans and deposits of banks in Japan on residents of France

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.

France → Japan

Q2 2026

loans and deposits of banks in France on residents of Japan

Position255USD bn
Flow in the quarter+13.6USD bnas published by the BIS
Sources

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

Japan → France

Q4 2025

securities issued in France held by investors in Japan

Total188USD bn
Equity35.4USD bn
Debt securities153USD bn
Sources

Holder to issuer, Q4 2025.

France → Japan

Q4 2025

securities issued in Japan held by investors in France

Total95.9USD bn
Equity26.0USD bn
Debt securities69.9USD bn
Sources

Holder to issuer, Q4 2025.

Japan → France

2024

position of investors in Japan in France

Position14.0USD bn
Reportthe host’s
Sources

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

France → Japan

2024

position of investors in France in Japan

Position19.5USD bn
Reportthe host’s
Sources

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