Current Account in Japan

Japan Current Account | Economic News & Forecasts

Japan - Current Account

Although the economy performed robustly in the first quarter, the growth print was largely flattered by a sharp decline in goods and services imports, while domestic demand was weak. Notably, public and private consumption both contracted, while investment was solid. Turning to the second quarter, growth was likely lackluster, as consumer confidence fell to an over four-year low in June, boding poorly for private spending and casting doubts on the appropriateness of a planned sales tax hike in October. Moreover, the manufacturing PMI again fell into contractionary territory in May and June after April’s brief rebound, while confidence among large manufacturers fell to a near three-year low in Q2. Lastly, a decline in core machinery orders in May indicates weaker investment in coming quarters, while a rapidly worsening trade feud with South Korea adds to the external sector’s woes.

Japan - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)0.9  0.8  3.1  4.0  4.2  

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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

Bond Yield-0.16-4.41 %Jul 31
Exchange Rate108.8-0.35 %Jul 31
Stock Market21,5220.40 %Jul 31

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