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TOKYO (Jiji Press) — Japan logged a current account deficit of ¥370.8 billion in December last year, against the year-before surplus of ¥1,116.5 billion, the Finance Ministry said Tuesday.
The result came against the median forecast of ¥70 billion in surplus among 19 economic research institutes surveyed by Jiji Press.
Japan logged a goods and services trade deficit of ¥640 billion against the year-before surplus of ¥652.2 billion, the ministry said in a preliminary balance of payments report. In goods trade, Japan’s deficit totaled ¥318.7 billion, against ¥965 billion in surplus. Exports were up 18.7% at ¥7,797.2 billion, and imports were up 44.8% at ¥8,115.9 billion.
