Current Account in Japan

Japan Current Account | Economic News & Forecasts

Japan - Current Account

Although economic growth accelerated in the first quarter of the year, this was entirely driven by a sharp contraction in imports of goods and services, while exports and domestic demand both deteriorated from Q4 2018. Turning to Q2, consumer confidence fell to its lowest point in over three years in April, which does not bode well for household spending going forward. In further bad news, weak global demand continued to weigh on exports in April, while rising trade tensions between China and the United States cloud the outlook for Japan’s external sector as well as prospects for manufacturing activity. Meanwhile, Japan and the United States are also still thrashing out a deal in attempts to avert a trade war. Particularly, the U.S. is trying to gain greater access for its farm exports to Japan and using tariffs on Japanese car imports as a means to leverage pressure.

Japan - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)0.9  0.8  3.1  3.9  4.0  

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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 Yield-0.11-4.41 %Jun 13
Exchange Rate108.4-0.35 %Jun 13
Stock Market21,0320.40 %Jun 13

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