Current Account in Japan
Japan - Current Account (billions of U.S. Dollars)The economy likely rebounded in the fourth quarter following the third quarter’s dismal performance when a series of natural disasters severely disrupted economic activity. Industrial production was much stronger in October and November than the Q3 average, mainly due to solid domestic demand. Moreover, the unemployment rate likely remained at low levels in Q4, supporting private consumption. Looking forward, however, economic activity appears to be losing steam. The manufacturing PMI stalled in January, with new export orders dipping further as external demand started to falter. Moreover, Keidanren, Japan’s largest business organization, has not called for wage hikes this year as it did in 2018. This could compromise Prime Minister Shinzo Abe’s strategy of pinning hopes on strong consumption in order to ensure Japan doesn’t reexperience deflation.
Japan - Current Account (USD bn) Data
|Current Account Balance (USD bn)||45.8||37.1||136||194||195|
5 years of economic forecasts for more than 30 economic indicators.
Japan Current Account (USD bn) Chart
Source: Bank of Japan and Met the why particular calculations.
|Bond Yield||-0.04||-4.41 %||Feb 21|
|Exchange Rate||111.7||-0.35 %||Feb 21|
|Stock Market||21,464||0.11 %||Feb 21|
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February 22, 2019
The core consumer price index rose 0.2% in month-on-month seasonally-adjusted terms in January, contrasting December’s 0.3% drop. Core inflation inched up from December’s seventh-month low of 0.7% to 0.8% in January.
February 21, 2019
The Nikkei flash manufacturing Purchasing Managers’ Index (PMI) declined sharply from January’s revised 50.3 (previously reported: 50.0) to 48.5 in February, the lowest print since July 2016.
February 20, 2019
Nominal yen-denominated merchandise exports fell 8.4% year-on-year in January, following the 3.9% decrease in December.
February 19, 2019
Core machinery orders, a leading indicator for capital spending over a three- to six-month period, declined marginally in December, suggesting that firms may keep capital expenditure subdued in the coming months.
February 14, 2019
The economy rebounded in the last quarter of 2018, after a series of natural disasters and weak investment caused a contraction in the third quarter.