Business & Economy

Japan records current account surplus of $11 billion in December

Tokyo, Feb 8 (efe-epa).- Japan achieved a current account surplus in December of 1.17 trillion yen (about $11 billion), its 78th consecutive month with a positive balance, the government reported Monday.

The data represents an increase of 113.9 percent with respect to the 544.9 billion yen that it added in December 2019, according to the data published today by the Ministry of Finance.

The Japanese trade balance recorded in the last month of the year a surplus of 965.1 billion yen, which implies a year-on-year increase of 1,274.8 percent.

In this sense, Japanese exports totaled 6.56 trillion in December, 0.3 percent more year-on-year, while imports fell by 13.5 percent to reach a value of 5.59 trillion yen.

The balance of services registered a deficit of 343.5 billion yen, which contrasts with the surplus of 56.7 billion of the same month of last year.

The income account registered a surplus of 649.2 billion yen, an increase of 47 percent year-on-year. The transfer account had a net capital outflow of 105.2 billion yen, 343.4 percent less than in December 2020.

For 2020, Japan had a current account surplus of 17.69 trillion yen, which contrasts with a deficit of 2.82 trillion in 2019.

The balance of payments, which reflects payments and income from foreign exchanges of goods, services, income and transfers, is considered one of the broadest trade indicators in a country. EFE-EPA


Related Articles

Back to top button