Current Account in Japan

Japan Current Account (USD bn) | Economic News & Forecasts

Japan - Current Account (billions of U.S. Dollars)

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 (USD bn) Data

2011  2012  2013  2014  2015  
Current Account Balance (USD bn)130  59.6  40.6  24.7  137  

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Japan Current Account (USD bn) Chart

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

Japan Facts

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

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