The current account balance in July, which shows how much Japan earned from trade and investment with foreign countries, was in the black for the first time in two months.
However, the amount of surplus decreased by nearly 90% from the same month last year due to the increase in the amount of imports due to soaring energy prices, etc., and it was the smallest for July.
According to the balance of payments statistics released by the Ministry of Finance, Japan's current account balance in July was a surplus of 229 billion yen.
Although it was the first surplus in two months, the amount of surplus decreased by 86.6% from the same month last year and was the lowest for July since 1985 when comparable data are available.
Energy prices such as crude oil have remained high due to the impact of Russia's military invasion of Ukraine, and the depreciation of the yen has also contributed to the deficit in the trade balance, which is the amount of imports subtracted from exports, reaching 1.2122 trillion yen. It's because I went up.
The trade deficit was the widest for July since 1996, for comparable periods.
On the other hand, the primary income balance, which shows the exchange of interest and dividends earned from overseas securities investment, etc., increased to 2,433.2 billion yen due to the increase in dividends received from overseas subsidiaries due to the progress of the yen's depreciation. It turned black.