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For additional information relating to this article, please contact:

Thomas StorringDirector – Economics and Statistics
Tel: 902-424-2410Email: thomas.storring@novascotia.ca

August 11, 2020
JAPAN CURRENT ACCOUNT, TRADE BALANCE, JUNE 2020

Current Account

Comparing June 2020 with May 2020

  • Japan’s Goods & services trade deficit narrowed by 375.3 billion yen to 358 billion yen
  • Primary income surplus narrowed by 178 billion yen to 1,584 billion yen
  • Secondary income deficit narrowed by 31 billion yen to 177 billion yen
  • Current account surplus widened by 228 billion yen to 1,049 billion yen

 

 

Trade Balance

Comparing June 2020 with May 2020

  • Export goods trade increased 120 billion yen to 4,730 billion yen over May 2020 and decreased 1,681.6 billion yen over June 2019.
  • Import goods trade decreased 196 billion yen to 4,955 billion yen over May 2020 and decreased 1,333.5 billion yen over June 2019.
  • As a result, Net Goods trade deficit narrowed by 316 billion yen to 226 billion yen
  • Net Services trade deficit narrowed by 60 billion yen to 132 billion yen
  • Overall, the Goods & services trade deficit narrowed by 375.3 billion yen to 358 billion yen

 

 

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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