January current account deficit of 1,188.7 billion yen Import value increases due to rising crude oil prices

According to the announcement by the Ministry of Finance, the current account balance in January was a deficit of 1,188.7 billion yen.

The main reason for this is that the value of imports increased due to the rise in crude oil prices, and the "trade balance", which is the deduction of imports from exports, became a deficit.

The current balance has been in the red for the second consecutive month.