July 25, 2021

Japan recorded a current surplus of 5,174 million euros in January

Japan last January recorded a current account surplus of 612.3 billion yen (5.174 million euros / 5.882 million dollars), marking its sixty-seventh consecutive month with a positive balance, the government reported today.

The figure represents an increase of 6.6 percent over the month of December and 6% more than a year earlier, according to data published Monday by the Ministry of Finance of Japan.

The Japanese trade balance posted a deficit of 985.1 billion yen (8.327 million euros / 9.467 million dollars), up 1.6%.

Exports fell 4.8% year-on-year to 5.54 trillion yen (46.848 million euros / 53.308 million dollars), while imports were reduced by

3.9% to 6.53 billion yen (55.221 million euros / 62.834 million dollars).

The balance of services left a deficit of 162,799 million yen (1,377 million euros / 1,567 million dollars), a year-on-year increase of 8.7%.

The income balance registered a surplus of 1.84 trillion yen (15.610 million euros / 15.650 million dollars), up 4.8% year-on-year.

The transfer registered a negative balance of 87,500 million yen (740 million euros / 842 million dollars, 25.9 more than in the previous month.

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


Source link