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:
June 08, 2023JAPAN CURRENT ACCOUNT AND TRADE BALANCE, APRIL 2023 
Since January 1996, there have been four monthly occasions where than Japannese current account was in deficit. In 2012 there was 1 occasion and 2014 there were 2 months where the current account was in deficit. In October 2022 the fourth occasion occurred. The Japanese economy quickly adjusted by reducing goods imports, increasing goods exports and reducing the services deficit to a surplus. For the past six months the Japanese current account has been in surplus.
Current Account (April 2023 vs March 2023)
The net current account surplus widened by 891 billion yen to 1,900 billion yen.
- Net goods deficit was narrowed by 590 billion yen to 380 billion yen.
- Net services deficit was reduced by 444.6 billion yen, resulting in a new services surplus of 25.9 billion yen.
- The net primary income surplus narrowed by 47 billion yen to 2,676 billion yen.
- The net secondary income deficit widened by 97 billion yen to 422 billion yen.
Trade Balance (April 2023 vs March 2023)
The net goods deficit narrowed by 590 billion yen to 380 billion yen.
- Goods exports increased 327 billion yen to 8,322 billion yen.
- Goods imports decreased 263 billion yen to 8,703 billion yen.
REFERENCES
Report | Press Release | Balance of Payments
Based on Table 6s-a-2 Current Account (seasonally adjusted), Monthly
<--- Return to Archive
