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October 08, 2020JAPAN CURRENT ACCOUNT, TRADE BALANCE, AUGUST 2020 
Current Account (August 2020 vs July 2020)
- The Current account surplus widened by 683 billion yen to 1,648 billion yen.
- The Goods and services trade changed from a deficit (142 billion yen) to a surplus (164 billion yen).
- The Primary income surplus widened by 484 billion yen to 1,697 billion yen.
- The Secondary income deficit widened by 107 billion yen to 213 billion yen.
Trade Balance (August 2020 vs July 2020)
- Exports of goods increased 449 billion yen to 5,540 billion yen.
- Imports of goods decreased 36 billion yen to 4,999 billion yen.
- As a result, Japan's goods trade surplus widened by 486 billion yen to 541 billion yen
- Net Services trade deficit widened by 180 billion yen to 377 billion yen
CURRENT ACCOUNT AS A SHARE OF GDP
Japan's current account surplus (measured as a share of GDP) dropped significantly. from 2020Q1 vs 2020Q2 by 1.9 percentage points to 1.7%.
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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