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July 11, 2023JAPAN CURRENT ACCOUNT AND TRADE BALANCE, MAY 2023 
Month-over-months (May 2023 vs April 2023)
The net current account surplus narrowed by ¥197 billion to ¥1,703 billion in May.
- Net goods deficit widened by ¥98 billion to ¥479 billion.
- Net services trade eroded by ¥490 billion, shifting from a surplus of ¥26 billion to a deficit of ¥465 billion.
- The net primary income surplus widened by ¥272 billion to ¥2,945 billion
- The net secondary income deficit decreased by ¥120 billion to ¥302 billion.
The net goods deficit widened by ¥98.3 billion to ¥479 billion.
- Goods exports decreased ¥506 billion to ¥7,817 billion.
- Goods imports decreased ¥407 billion to ¥8,295 billion.
REFERENCES
Report | Press Release | Balance of Payments
Based on Table 6s-a-2 Current Account (seasonally adjusted), Monthly
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