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For additional information relating to this article, please contact:

Thomas StorringDirector – Economics and Statistics
Tel: 902-424-2410Email:

September 08, 2020

Current Account


Comparing July 2020 with June 2020

  • The Current account surplus narrowed by 85 billion yen to 964 billion yen
  • The Net Goods and services trade deficit narrowed by 217 billion yen to 142 billion yen
  • The Net Primary income surplus narrowed by 372 billion yen to 1,212 billion yen
  • The Net Secondary income deficit narrowed by 70 billion yen to 107 billion yen



Trade Balance

Comparing July 2020 with June 2020

  • Net Services trade deficit widened by 65 billion yen to 197 billion yen
  • Net Goods trade surplus changed from a deficit (226 billion yen) to a surplus (56 billion yen)
  • Exports of goods increased 361 billion yen to 5,091 billion yen
  • Imports of goods increased 80 billion yen to 5,035 billion yen



Japan's current account to GDP measure dropped significantly.

  • Over same quarter last year (2020Q2 vs 2019Q2) 1.82 points.
  • Quarter-over-quarter (2020Q2 to 2020Q1)  1.87 points to 1.7%.



 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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