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November 10, 2020JAPAN CURRENT ACCOUNT, TRADE BALANCE, SEPTEMBER 2020 
Current Account (September 2020 vs August 2020)
- The Current account surplus narrowed by 314 billion yen to 1,346 billion yen.
- The Goods and services trade surplus widened by 264 billion yen to 428 billion yen.
- The Primary income surplus narrowed by 105 billion yen to 1,604 billion yen.
- The Secondary income deficit widened by 472 billion yen to 686 billion yen.
Trade Balance (September 2020 vs August 2020)
- Exports of goods increased 294 billion yen to 5,833 billion yen
- Imports of goods increased 58 billion yen to 5,056 billion yen
- As a result, Japan's goods trade surplus widened by 236 billion yen to 777 billion yen
- Net Services trade deficit narrowed by 27 billion yen to 350 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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