Current Account in Japan

Japan Current Account | Economic News & Forecasts

Japan - Current Account

Timid gains in wage growth continue to weigh on Japan’s economic activity despite the government’s efforts to stimulate household spending and the unemployment rate hovering at multi-year lows. Nevertheless, the economy managed to expand for the fourth consecutive quarter in Q4 as a weak yen and strong global demand propelled export growth. More recent data corroborate that activity in the external sector remains buoyant, which is translating into higher manufacturing output. This virtuous circle has started to feed into the Japanese, and consumer confidence hit an over three-year high in January. In order to keep Japan’s export-driven recovery afloat, Prime Minister Shinzo Abe met with U.S. President Donald Trump in February. Abe intends to forge ties with Trump after he accused Japan of playing “unfair” with the currency and enjoying large trade surpluses with the U.S.

Japan - Current Account Data

2011  2012  2013  2014  2015  
Current Account (% of GDP)2.2  1.0  0.8  0.5  3.3  

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Japan Current Account Chart


Japan Current Account
Note: Current account balance as % of GDP.
Source: Bank of Japan and FocusEconomics calculations.

Japan Facts

ValueChangeDate
Bond Yield0.06-3.45 %Mar 23
Exchange Rate111.0-0.19 %Mar 23
Stock Market19,0850.23 %Mar 23

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