Current Account in Japan
Japan - Current Account (billions of U.S. Dollars)Following a slowdown in private non-residential investment, growth in the second quarter was revised down to 2.5% in seasonally-adjusted annualized terms, significantly below the 4.0% figure reported in a preliminary estimate. Despite this revision, the print marked the fastest expansion since Q1 2015 and puts the economy on a steady track to recovery. The latest data suggests that healthy growth is being sustained in the third quarter. Machinery orders rebounded in July, and exports had the fastest pace of expansion in almost four years in August. Strong economic momentum and a splintered opposition compelled Prime Minister Shinzo Abe to hold snap elections on 22 October in a bid to consolidate his grip on power. Unlike in previous elections, the prime minister is not expected to postpone an unpopular 10% sales tax hike projected in 2019 to lower astronomical public debt, despite the adverse effects it could have on private consumption and economic growth.
Japan - Current Account (USD bn) Data
|Current Account Balance (USD bn)||59.6||45.8||37.1||134||187|
5 years of economic forecasts for more than 30 economic indicators.
Japan Current Account (USD bn) Chart
Source: Bank of Japan and FocusEconomics calculations.
|Bond Yield||0.07||-4.41 %||Oct 19|
|Exchange Rate||112.6||-0.35 %||Oct 19|
|Stock Market||21,449||0.40 %||Oct 19|
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October 19, 2017
Nominal exports valued in yen increased 14.1% from the same month last year in September, following August’s 18.1% rise.
October 11, 2017
Core machinery orders (a leading indicator of capital spending over a three- to six-month period) expanded for the second consecutive month in August, suggesting that businesses are ramping up investments in order to cope with healthy external and domestic demand.
October 3, 2017
Consumer sentiment edged up from 43.3 in August to 43.9 in September, marking a six-month high.
October 2, 2017
According to the Bank of Japan’s quarterly Tankan business survey, sentiment among large manufacturers jumped to the highest level in 10 years, suggesting that the economic recovery is broadening.
September 29, 2017
In August, the core consumer price index rose 0.1% from the previous month in seasonally-adjusted terms, up from the flat reading in the previous six months.