Japan Runs First Current Account

Japan Runs First Current Account: FILE PHOTO – A cargo ship and containers are seen at an industrial port in Tokyo, Japan, on February 15, 2022.

TOKYO (Reuters) – Japan ran a current account deficit for the first time in five months in June as surging imports eclipsed exports, data showed on Monday, highlighting the pressure that higher energy and raw material prices are putting on the economy.

The data, which marked the first monthly deficit since January, was smaller than economists’ median forecast for a 703.8 billion shortfall in a Reuters poll.

Japan Runs First Current Account Deficit in 5 Months – Latest Tweet by Reuters

High prices for energy sources like oil and coal drove the value of imports to a record, surging 49% year-on-year and outpacing a 20% rise in the value of exports led by “mineral fuels” and steel.

The current account data underscored the change in Japan’s economic structure as the country earns hefty returns from its portfolio investments and direct investment overseas, which are offsetting deficits in its trade balance.

The current account surplus has declined for four fiscal years in a row through March 2022.

While the yen weakness has inflated the cost of imports, its boost to the value of exports has not been as great as it once was due to an ongoing shift of exporters’ production abroad.

Japan runs first current account deficit in 5 months

Japan ran a current account deficit for the first time in five months in June as surging imports eclipsed exports, data showed on Monday, highlighting the pressure that higher energy and raw material prices are putting on the economy.

The world’s third-largest economy ran a current account deficit of ¥132.4 billion ($980 million) in June, government data showed, reversing ¥872 billion from the same month a year earlier.

The data, which marked the first monthly deficit since January, was smaller than economists’ median forecast for a ¥703.8 billion shortfall in a Reuters poll.

Stock Market LIVE: Indices in green; Nifty tops 17,500; Coal India, M&M zoom

High prices for energy sources like oil and coal drove the value of imports to a record, surging 49% year-on-year and outpacing a 20% rise in the value of exports led by “mineral fuels” and steel.

The current account data underscored the change in Japan’s economic structure as the country earns hefty returns from its portfolio investments and direct investment overseas, which are offsetting deficits in its trade balance.

The current account surplus has declined for four fiscal years in a row through March 2022.

While the yen weakness has inflated the cost of imports, its boost to the value of exports has not been as great as it once was due to an ongoing shift of exporters’ production abroad.

Japan runs first current account deficit in 5 months

https://www.businesstimes.com.sg › government-economy

About featured snippets

Feedback

Japan runs first current account deficit in 5 months | Reuters

https://www.reuters.com › world › asia-pacific › japan-ru

9 hours ago — The world’s third-largest economy ran a current account deficit of 132.4 billion yen ($980 million) in June, government data showed, reversing 

Japan runs first current account deficit in 5 months

https://financialpost.com › pmn › business-pmn › japan

9 hours ago — TOKYO — Japan ran a current account deficit for the first time in five months in June as surging imports eclipsed exports, data showed on 

Japan runs first current account deficit in 5 months

https://vigourtimes.com › japan-runs-first-current-accou

3 hours ago — The world’s third-largest economy ran a current account deficit of 132.4 billion yen ($980 million) in June, government data showed, reversing 

Japan Runs First Current Account Deficit in 5 Months – Latestly

https://www.latestly.com › Socially

5 hours ago — The latest Tweet by Reuters states, ‘Japan runs first current account deficit in 5 months Team Latestly Aug 08, 2022 10:40 AM IST. A-; A+.

Japan runs first current account deficit in 5 bdnews24.com

https://bdnews24.com › Economy

5 hours ago — Japan ran a current account deficit for the first time in five months in June as surging imports eclipsed exports, data showed on Monday, 

Japan runs first current account deficit in 5 months

https://japannews.yomiuri.co.jp › business › economy

8 hours ago — TOKYO (Reuters) — Japan ran a current account deficit for the first time in five months in June as surging imports eclipsed exports,

Japan runs first current account deficit in 5 months – My Droll

https://mydroll.com › japan-runs-first-current-account

3 hours ago — TOKYO – Japan ran a current account deficit for the first time in five months in June as surging imports eclipsed exports, data showed on 

Current Account Models and Saving-Investment Balance

https://www.grips.ac.jp › oono › lecture_F › lec07

The Bank of Japan’s foreign reserves were $845 billion then (by May 2006, it rose slightly to $860 billion). Even though China is catching up fast, Japan is 

Reuters on Twitter: “Japan runs first current account deficit in 5 

https://twitter.com › Reuters › status

8 hours ago — If anyone can reach 100% clean renewable energy usage in record time it’s the Japanese. I have complete faith in their ability to remove 

Japan runs first current account deficit in 5 months

https://budrigannews.com › Financial News › Economy

9 hours ago — TOKYO (Reuters) – Japan ran a current account deficit for the first time in five months in June as surging imports eclipsed exports,

Japan Current Account – July 2022 Data – 1985-2021 Historical

https://tradingeconomics.com › Japan

The current account data underscored the change in Japan’s economic structure as the country earns hefty returns from its portfolio investment and direct 

Missing: Runs ‎First

On Recent Movements of Japanese Current Accounts and 

https://www.nber.org › chapters

from the 1990 level and trade surpluses topped $100 billion for the first time. Has the trend of correcting current account imbalance been reversed?

Japan runs first current account deficit in 5 months

https://www.theblog101.com › japan-runs-first-current-

9 hours ago — TOKYO — Japan ran a current account deficit for the first time in 5 months in June as surging imports eclipsed exports, knowledge confirmed on 

10 Facts about Bank Accounts in Japan that Can Derail You

https://weconnect.co › 10-facts-about-bank-accounts-in

First…do you even need a corporate bank account in Japan if you have a global banking When you’re running a business in Japan, there will be some basic 

Current account balance trend in Japan

https://www.meti.go.jp › english › report › data

The first group of countries, whose trade balance and primary income balance were in surplus but whose services account balance was in deficit, is comprised of 

Payment, clearing and settlement systems in Japan – CPSS

https://www.bis.org › cpmi › publ › d105_jp

bank accounts (see Section 3.2.1). The Bank of Japan provides current account services to financial institutions that meet criteria, first published in 1998 

4 Working with Localizations for Japan – Oracle Help Center

https://docs.oracle.com › jpn_wrk_wth_jpn_spcfc_fty

The system does not run bank ID validation routines for countries listed in this UDC table. 4.2 Understanding Accounts Receivable Draft Processing in Japan. In 

Bank of Japan – Wikipedia

https://en.wikipedia.org › wiki › Bank_of_Japan

Bank of Japan ; Haruhiko Kuroda (20 March 2013 – ) · Japan · Japanese yen. JPY (ISO 4217) · 1 179 500 million USD · -0.10%.

 

 

SOURCE URL

 

Leave a Reply

Your email address will not be published.