Current account surplus in the first half decreased by about 400 billion yen August 8 at 12:20 due to a decrease in exports to China
The “current account balance” for Japan in the first half of June, which shows how much Japan earned from trade and services with foreign countries, has been reduced by 400 billion yen compared to the same period last year. It was. This is because exports to China have declined significantly due to trade disputes between the United States and China.
According to the announcement by the Ministry of Finance, the current account balance in the first half of January to June was 10.46 trillion yen, but the surplus was 458.4 billion yen compared to the same period of the previous year. It has been reduced.
This is mainly due to the fact that the surplus of “Trade Balance”, which indicates how much you earned from overseas trade, decreased by 1.5561.6 billion yen, or 87.4%, compared to the same period last year.
Exports of semiconductor manufacturing equipment, automobile parts, and steel to China have fallen significantly against the backdrop of trade friction between the United States and China.
On the other hand, the “primary income balance”, which shows the earnings from overseas dividends and interest exchanges, was surplus of ¥ 10,592.3 billion due to an increase in dividends received from Japanese subsidiaries overseas. In addition, the “travel balance” was also surplus of 1,319.9 billion yen due to an increase in the number of foreign tourists visiting Japan.
The current account balance in June, which was announced together, was a surplus of ¥ 1,2111.2 billion, surplus for 60 consecutive months.