Japan’s current account surplus up 40% in April-Sept.
![](https://japannews.yomiuri.co.jp/wp-content/uploads/20210517G0TG0PK9991073.jpg)
Ministry of Finance
November 9, 2021
TOKYO (Jiji Press) — Japan’s current account surplus in April-September grew 39.8% from a year before to ¥8,012.0 billion, pushed up chiefly by an increase in dividends that companies received from their overseas subsidiaries, government data showed Tuesday.
In September alone, however, current account surplus dived 31.1% to ¥1,033.7 billion, dampened mainly by a fall in automobile exports, according to a preliminary balance of payments report released by the Ministry of Finance.
In the first half of fiscal 2021, exports rose 34.6% to ¥40,828.7 billion, reflecting strong demand for automobiles and auto parts.
Imports expanded 31.4% to ¥39,849.8 billion, chiefly on the back of higher crude oil prices.
As a result, Japan’s surplus in goods trade came to ¥978.9 billion, up some 200 times.
In services trade, the country posted a deficit of ¥2,619.1 billion, against the year-before deficit of ¥2,288.1 billion.
The surplus on the primary income account totaled ¥10,784.7 billion, up 14.2%.
In September, Japan saw its current account surplus shrink for the second straight month.
The country’s automobile exports plunged 40.3%, as automakers were forced to cut production due to difficulties in procuring parts from Southeast Asia amid the novel coronavirus pandemic.
Also, higher crude oil prices led growth in imports.
"Business" POPULAR ARTICLE
-
Aviation Fuel Shortage Causes Problems at Regional Airports; Growing Demand, Lack of Workers to Transport
-
Prices of over 10,000 Food and Beverage Items to Rise This Year; Figure is down from over 30,000 Last Year
-
Sony Group to End Production of Blu-ray Discs; Market Has Shrunk Due To Growth Of Hard Disk Drives, Streaming
-
AI-Equipped Energy Efficient Air Conditioners Grow In Popularity; Some Can Guess Users’ Moods, Automatically Adjust Temperature
-
Toyota to Introduce 4-Day Workweek for Some Employees; Company Hopes More Flexible Schedules Will Boost Worker Motivation
JN ACCESS RANKING