The Economics and Statistics Division maintains archives of previous publications for accountability purposes, but makes no updates to keep these documents current with the latest data revisions from Statistics Canada. As a result, information in older documents may not be accurate. Please exercise caution when referring to older documents. For the latest information and historical data, please contact the individual listed to the right.
<--- Return to Archive
For additional information relating to this article, please contact:
December 08, 2021JAPAN CURRENT ACCOUNT AND TRADE BALANCE, OCTOBER 2021 
Current Account (October 2021 vs September 2021)
The net current account surplus widened by 263 billion yen to 1,026 billion yen.
The net goods and services deficit narrowed by 202 billion yen to 613 billion yen.
The net primary income surplus widened by 67 billion yen to 1,820 billion yen.
The net secondary income deficit widened by 5 billion yen to 181 billion yen.
Trade Balance (October 2021 vs September 2021)
Net goods deficit narrowed by 264 billion yen to 187 billion yen.
- Net goods exports increased 59 billion yen to 6,748 billion yen.
- Net goods imports decreased 205 billion yen to 6,935 billion yen.
Net services deficit widened by 62 billion yen to 426 billion yen.
CURRENT ACCOUNT AS A SHARE OF GDP (2021Q3 over 2021Q2)
Japan's current account (as measured as a share of GDP) narrowed 1.3 percentage points to 2.1%.
The ratio of the current account balance to the Gross Domestic Product (or % of GDP) provides an indication of the country's trade and income flows relative to the size of the economy. The ratio is calculated by dividing the net values of exports less imports, primary Income (interest and dividends) and secondary income (transfers) over a period by the gross domestic product for the same period. Although called a ratio, it is usually expressed as a percentage. A current account surplus indicates upward pressure on the foreign exchange rate unless it is offset by net outflows (leading, acquisition of assets) outside the country.
REFERENCES
Report | Press Release | Balance of Payments
Based on Table 6s-a-2 Current Account (seasonally adjusted), Monthly
OECD, Quarterly balance of payments statistics
<--- Return to Archive
