Japan's Current Account Surplus Sank 54% in Fiscal 2022 on Record Trade Deficit

11 May 2023

Japan’s current account surplus in the fiscal year starting in 2022 shrank 54.2% from a year earlier to ¥9.23 trillion ($68.8 billion), the lowest level since fiscal 2014, driven by a record goods trade deficit swollen by high energy prices and a weak yen, government data showed.

Imports jumped 35.0% to ¥117.68 trillion, with crude oil, coal and liquefied natural gas among major contributors.

Exports rose 16.3% to ¥99.62 trillion on the back of increased shipments of vehicles.
Source:  JapanTimes
Post by: Republic of Türkiye Ministry of Trade