Current Account in Japan

Japan Current Account | Economic News & Forecasts

Japan - Current Account

The economy will have contracted for the third consecutive quarter in Q2 due to the coronavirus crisis and the national state of emergency that was declared between April and May, which allowed prefecture governors to request people to stay at home. Although the private-sector PMI reading increased for the second consecutive month in June, driven by a slower contraction in the services sector and despite a faster contraction in the manufacturing sector, the PMI still remained notably low by historical standards. Moreover, merchandise exports decreased in May at the fastest pace since the Global Financial Crisis. In April, industrial production also fell at the sharpest rate since the crisis, while retail sales fell at the quickest pace in over five years.

Japan - Current Account Data

2015   2016   2017   2018   2019  
Current Account (% of GDP)3.1  4.0  4.2  3.6  3.6  

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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

Value Change Date
Bond Yield-0.02-4.41 %Dec 30
Exchange Rate108.7-0.35 %Jan 01

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