Current Account in Japan
Japan - Current AccountThe economy returned to growth in the fourth quarter following a short-lived contraction in Q3 when a series of natural disasters disrupted business and consumer activities. Domestic demand drove Q4’s recovery, while external demand remained relatively weak despite rebounding. Available data for this year suggests that growth momentum remains frail. Global trade uncertainty, the economic slowdown in China and a downturn in the global tech cycle are weighing on the external sector. This, in turn, hurt manufacturing activities, as reflected by the manufacturing PMI which hit a nearly three-year low in February. Moreover, the lack of progress made in Prime Minister Shinzo Abe’s strategy to boost wages is gradually eroding consumer confidence, keeping private consumption subdued.
Japan - Current Account Data
|Current Account (% of GDP)||0.9||0.8||3.1||3.9||4.0|
5 years of economic forecasts for more than 30 economic indicators.
Japan Current Account Chart
Source: Bank of Japan and Met the why particular calculations.
|Bond Yield||-0.03||-4.41 %||Mar 11|
|Exchange Rate||111.2||-0.35 %||Mar 11|
|Stock Market||21,125||0.11 %||Mar 11|
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March 15, 2019
At its 14–15 March meeting, Bank of Japan (BoJ) board members decided in a seven-to-two vote to keep its monetary policy unchanged, in line with market analysts’ expectations.
March 14, 2019
Core machinery orders, a leading indicator for capital spending over a three- to six-month period, posted the third monthly decline in a row, suggesting that capital expenditure will remain subdued in the coming months.
March 8, 2019
Comprehensive data for the fourth quarter corroborated that the economy returned to growth after a barrage of natural disasters hit the country in the third quarter.
February 28, 2019
Consumer sentiment declined from 41.9 in January to 41.5 in February, marking the lowest reading since December 2016.
February 28, 2019
Industrial production declined 3.7% on a month-on-month and seasonally-adjusted basis in January, following December’s 0.1% contraction.