Current Account Surplus Doubles in ’23
11:35 JST, February 9, 2024
TOKYO (Jiji Press) — Japan’s current account surplus surged 92.5% in 2023 from the previous year, as the country’s trade deficit shrank thanks to record exports, government data showed Thursday.
The surplus in the current account, the broadest measure of the country’s overseas trade and investment flows, totaled ¥20.63 trillion, the Finance Ministry said in a preliminary report. Japan’s deficit in goods trade shrank 57.9% to ¥6.63 trillion. Exports grew 1.5% to ¥100.27 trillion, while imports declined 6.6% to ¥106.90 trillion.
"Business" POPULAR ARTICLE
-
Weakening Yen Adds Complexity to BOJ’s Rate Hike Decisions; Rising Commodity Prices may Impact ‘Virtuous Cycle’ Efforts
-
Japanese Seafood Exports to China Sink 57% in FY23; U.S. Becomes Largest Seafood Export Destination
-
70% of Japan Companies to Raise Pay Scales in FY 2024
-
48.6% of Global Patent Applications Related to All-Solid-State Batteries Came from Japanese Firms; Panasonic Tops List
-
BOJ Maintains Interest Rate at Current 0%-0.1%
JN ACCESS RANKING
- Weakening Yen Adds Complexity to BOJ’s Rate Hike Decisions; Rising Commodity Prices may Impact ‘Virtuous Cycle’ Efforts
- Japanese Seafood Exports to China Sink 57% in FY23; U.S. Becomes Largest Seafood Export Destination
- 70% of Japan Companies to Raise Pay Scales in FY 2024
- 48.6% of Global Patent Applications Related to All-Solid-State Batteries Came from Japanese Firms; Panasonic Tops List
- UNRWA Director Describes Catastrophic Destruction in Gaza; Says Relief Trucks Robbed, ‘People’s Hearts Destroyed’