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July 08, 2020JAPAN CURRENT ACCOUNT, TRADE BALANCE, MAY 2020 Current Account
Comparing May 2020 with April 2020
- Japan's Goods & Services trade deficit narrowed by 560.5 billion yen to 733 billion yen.
- Primary income surplus widened by 75 billion yen to 1,762 billion yen.
- Secondary income deficit widened by 66 billion yen to 208 billion yen.
- As a result, the current account surplus widened by 569 billion yen to 821 billion yen over April 2020.
Trade Balance
Comparing May 2020 with April 2020
- Goods exports decreased 263 billion yen to 4,610 billion yen.
- Goods imports decreased 746 billion yen to 5,151 billion yen.
- As a result, Net Goods trade deficit narrowed by 482 billion yen to 541 billion yen.
- Net Services trade deficit narrowed by 78 billion yen to 192 billion yen.
- Overall, the goods & services trade deficit narrowed by 560.5 billion yen to 733 billion yen over April 2020.
CURRENT ACCOUNT AS A SHARE OF GDP
Year-over-year (2019Q1 to 2020Q1), Japan's current account to GDP measure was virtually unchanged. Quarter-over-quarter (2019Q4 to 2020Q1), Japan's current account to GDP measure declined 0.27 points to 3.6%.
REFERENCES
Report | Press Release | Balance of Payments
Based on Table 6s-a-2 Current Account (seasonally adjusted), Monthly
OECD, Quarterly balance of payments statistics
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