Japan's Current Account Deficit of 2.5 Trillion Won in January... Deficit Reversal After 24 Months
Announcement by Japan's Ministry of Finance
Japan's current account recorded a deficit for the first time in 24 months.
On the 10th, Japan's Ministry of Finance announced that the preliminary figure for the current account in January this year showed a deficit of 257.6 billion yen (approximately 2.5 trillion won).
This is the first time Japan's current account has recorded a deficit since January 2023, marking 24 months.
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The Ministry of Finance explained that the shift to a current account deficit was due to the trade balance deficit in January expanding by 1.4147 trillion yen to 2.9379 trillion yen.
This content was produced with the assistance of AI translation services.
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