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October 08, 2021JAPAN CURRENT ACCOUNT AND TRADE BALANCE, AUGUST 2021 
Current Account (August 2021 vs July 2021)
The current account surplus narrowed by 371 billion yen to 1,043 billion yen.
The goods and services trade deficit widened by 238 billion yen to 369 billion yen.
The primary income surplus narrowed by 274 billion yen to 1,541 billion yen.
The secondary income deficit narrowed by 141 billion yen to 130 billion yen.
Trade Balance (August 2021 vs July 2021)
Japan's goods trade changed from a surplus (341 billion yen) to a deficit (84 billion yen)
- Exports of goods decreased 68 billion yen to 7,067 billion yen
- Imports of goods increased 358 billion yen to 7,152 billion yen
Net Services trade deficit narrowed by 188 billion yen to 285 billion yen
CURRENT ACCOUNT AS A SHARE OF GDP (2021Q2 over 2021Q1)
Japan's current account (as measured as a share of GDP) widened 0.1 percentage points to 3.8%.
The ratio of the current account balance to the Gross Domestic Product (or % of GDP) provides an indication of the country's trade and income flows relative to the size of the economy. The ratio is calculated by dividing the net values of exports less imports, primary Income (interest and dividends) and secondary income (transfers) over a period by the gross domestic product for the same period. Although called a ratio, it is usually expressed as a percentage. A current account surplus indicates upward pressure on the foreign exchange rate unless it is offset by net outflows (leading, acquisition of assets) outside the country.
REFERENCES
Report | Press Release | Balance of Payments
Based on Table 6s-a-2 Current Account (seasonally adjusted), Monthly
OECD, Quarterly balance of payments statistics
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