Current Account in Japan
Japan - Current AccountA pickup in global demand and a weak yen continued to support the economy at the outset of the year. In February, exports expanded at a double-digit rate for the first time in over two years, pushing the trade surplus to levels last seen in 2010. Higher demand for Japanese goods is also boosting activity in the manufacturing sector. Against this backdrop, the manufacturing PMI remained firmly entrenched in positive territory in March. However, weaknesses that plagued growth in 2016 have also carried over to this year and despite the continuous fall in unemployment, sentiment among Japanese consumers remains downbeat in February. In a four-day trip to Europe in mid-March, Prime Minister Shinzo Abe and German Chancellor Angela Merkel called for the swift signing of the free trade deal between the European Union and Japan, in negotiation since 2013.
Japan - Current Account Data
|Current Account (% of GDP)||2.8||3.9||2.1||1.0||0.9|
5 years of economic forecasts for more than 30 economic indicators.
Japan Current Account Chart
Source: Bank of Japan and FocusEconomics calculations.
|Bond Yield||0.06||-3.08 %||Apr 06|
|Exchange Rate||110.8||0.10 %||Apr 06|
|Stock Market||18,597||-1.40 %||Apr 06|
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April 21, 2017
Nominal exports in Japan valued in yen increased 12.0% from the same month last year in March, following February’s 11.3% increase.
April 21, 2017
The Nikkei Flash Manufacturing Purchasing Managers’ Index (PMI) rose from March’s revised 52.4 (previously reported: 52.6) to 52.8 in April.
April 6, 2017
Consumer sentiment rose from 43.2 in February to 43.9 in March, hitting the highest level since September 2013.
April 3, 2017
According to the Bank of Japan’s quarterly Tankan business survey, sentiment among large manufacturers jumped to the highest level in over a year on the back of a weakening yen and rising global demand.
March 31, 2017
Industrial production in Japan rose 2.0% in February compared to the previous month in seasonally-adjusted terms, contrasting January’s 0.4% decrease.