Japan Chemical Trading Blog
Japan’s Current Account Deficit Reached 1.5 trillion yen in January 2014
On March 10, 2014, the Ministry of Finance Japan announced that the current account deficit reached 1.589 trillion yen (approx. USD15 billion) in January, marking a record high since 1985, the year from which comparable data is available.
The current account deficit of the previous month was 638.6 billion yen (approx. USD6 billion), the highest record at that time; however, the deficit in January widened to about two times that amount.
The trade deficit, the difference between imports and exports, reached 2.3454 trillion yen. The importing of crude oil and LNG increased dramatically.