March 1, 2021

Japan obtained a current surplus of 13,060 million euros in May

Japan registered a current account surplus of 1.59 trillion yen (13,060 million euros or 14,662 million dollars) in May, which marks its 59th consecutive month of positive balance, the government reported today.

The figure represents a decline of 15.8 percent compared to the same month of 2018, and a 6.47% less than April, according to data published by the Japanese Ministry of Finance.

The Japanese trade balance had a deficit of 513,700 million yen (4,210 million euros or 4,730 million dollars), which represents an increase of 68.2% over the previous year.

Exports fell 6.3% year-on-year to 5.91 trillion yen (54.503 million euros or 58.923 million dollars), while imports fell 0.9% to 6.59 trillion yen (54.125 million euros) or 60,774 million dollars).

The balance of services showed a surplus of 137,200 million yen (1,126 million euros or 1,265 million dollars), an annual increase of 1,227%.

The income account registered in the fourth month of 2019 a positive balance of 2.25 trillion yen (18,479 million euros or 20,748 million dollars), 5.9% less year-on-year.

The transfers showed a deficit of 14,880 million yen (122 million euros or 137 million dollars), a reduction of 25.2% with respect to the negative balance recorded a year earlier.

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

(tagsToTranslate) Japan (t) obtained (t) surplus (t) current (t) million

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