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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

October 08, 2020
JAPAN 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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