Current Account in Japan
Japan - Current Account (billions of U.S. Dollars)The economy will likely contract for the third consecutive quarter in Q2 due to the coronavirus crisis and the declaration of a national state of emergency on 16 April, which gave power to prefecture governors to request people to stay at home. Although the private-sector PMI reading increased slightly in May, it still remained close to April’s reading, which was the lowest recorded since current data started being collected over a decade ago. To help businesses and consumers cope, the government rolled out stimulus worth roughly 20% of GDP in April, which subsumed previously announced stimulus and included subsidies for businesses to help them retain employees. On 27 May, the cabinet approved additional stimulus which doubled the amount previously provided, bringing the total to 40% of GDP. In the same month, Prime Minister Shinzo Abe ended the national state of emergency.
Japan - Current Account (USD bn) Data
|Current Account Balance (USD bn)||136||197||203||177||184|
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||-0.02||-4.41 %||Dec 30|
|Exchange Rate||108.7||-0.35 %||Jan 01|
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July 1, 2020
Business sentiment among large manufacturers regarding current business conditions came in at negative 34.0 in Q2, down from the negative 8.0 reading in Q1.
July 1, 2020
The consumer confidence index came in at 28.4 in June, up from May's 24.0.
June 30, 2020
Industrial production dropped 8.4% month-on-month in seasonally-adjusted terms in May (April: -9.8% mom), according to a first estimate.
June 23, 2020
The Jibun Bank Composite Purchasing Managers’ Index (PMI), which combines the PMIs of the services and manufacturing sectors, climbed to 37.9 in June, up from 27.4 in May, according to a flash reading.
June 19, 2020
The core consumer price index, which excludes the price of fresh food, decreased 0.1% month-on-month in seasonally-adjusted terms in May, after falling 0.5% in April.