167.6 billion Dollars Japanese current account surplus, down 14%

Bayanalysis - Japan's current account surplus widened to 1,166 billion yen in December of 2020, compared to 545 billion yen in the same month of the previous year, according to data from the Japanese Finance Ministry.

Market expectations indicated a rise in the Japanese current account at 1040 billion Japanese yen, a difference of 126 billion Japanese yen from expectations, and by 12.1%, which is a big difference, indicating the state of confusion in the markets affected by the Corona virus.

The current account of the state refers to any foreign currency revenues that entered the country during a certain period, minus any expenditures spent during the same period, including tourism revenues, trade, exports and imports, and others.

The Japanese goods and services account recorded a surplus of about 622 billion Japanese yen from 127 billion Japanese yen, for the same period mentioned above. The primary income surplus rose 649 billion yen from 442 billion yen.

On the other hand, the secondary account deficit widened to 105 billion yen from 24 billion yen a year ago.

 This, despite achieving a surplus in the current account during the whole year "2020", amounting to 17.698 billion Japanese yen, which is equivalent to about 167.57 billion US dollars, but it decreased 14% from the surplus of the previous year which amounted to 20.526 billion yen.

It is noteworthy that the highest current account surplus recorded by Japan was in March 2007, which amounted to 3,360.38 billion Japanese yen, while the largest deficit reached 1,456.11 billion Japanese yen, and that was in June, June 2014.

The value of each 105.62 Japanese yen is equivalent to approximately one US dollar, at exchange rates at the time of writing.