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||0.01||-4.41 %||Jan 30|
|Exchange Rate||119.0||-0.35 %||Jan 30|
|Stock Market||20,557||0.11 %||Jan 30|
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April 23, 2019
The Nikkei flash manufacturing Purchasing Managers’ Index (PMI) rose from March’s 49.2 (previously reported: 48.9) to 49.5 in April.
April 19, 2019
The core consumer price index was flat in month-on-month seasonally-adjusted terms in March, coming in below February’s 0.1% increase.
April 17, 2019
Nominal yen-denominated merchandise exports fell 2.4% year-on-year in March, following the 1.2% decrease in February.
April 11, 2019
Core machinery orders, a leading indicator for capital spending over a three- to six-month period, posted the first increase in fourth months in February but missed market expectations, suggesting that capex will likely remain subdued in the months ahead.
April 8, 2019
Consumer sentiment declined from 41.5 in February to 11.5 in March, marking the lowest reading since February 2016.