Balance of Payment Japan

Japan's current account surplus in May 2020 was 821 billion yen, an increase from 252 billion yen in April 2020.

Published monthly by the Ministry of Finance. Updated till the month of May 2020 (published on July 8th, 2020).

Brief overview of “Balance of payment”:

The Balance of Payment statistics creates an account for all the flow of funds across Japan’s border. In these statistics, the financial flows are divided into two large categories. One of the categories is called, “financial account”. The financial account includes transactions that lead to transfers of assets/liabilities, such as direct investments, portfolio investments and financial derivatives. The second category, known as the “current account”, includes other transactions such as trades of goods and services, payment of interest and dividends and transfers such as international aids.

Since 1981, Japan has consistently recorded a surplus in its current account. Until the mid 2000s, the surplus consisted mostly of trade of goods. In recent years, the primary income account surplus increasingly became a dominant source of the surplus, while Japan’s trade surplus began to diminish, even falling to a deficit between 2011-2015. The fall in energy prices helped return the trade balance back to a surplus in 2016. More recently in 2019, as the surplus of travel and charges for the use of intellectual property increased, the balance of the trades of services turned to a surplus.


For more information visit the official government website.

Balance of Payment (Annual data, 1970-2016)

Note: The Japanese government publishes its Balance of Payment (BoP) statistics following BPM6 (Balance of Payments and International Investment Position Manual, 6th edition) going back to 1996. The BoP statistics we (JMA) show here for 1985-1995 are based on BPM5. The YoY change and YoY% growth we show here for 1996 is also based on BPM5, as the BPM6-based BoP statistics is available for 1996, but not for 1995. For 1970-85 the Japanese government has published the Balance of Payment Statistic in the USD denomination. We have converted it to Japanese Yen using average USD/JPY exchange rate for each year, except for 1970-72 for which we used end of the year USD/JPY exchange rates. 

Source: MoF, JMA

The Next Release Date: August 11th, 2020.

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