Japan's Balance of Payments for 2007

International Department
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International Department: Bank of Japan

No 2008-07-31, Bank of Japan Research Papers from Bank of Japan

Abstract: Japan's current account surplus increased to 25.0 trillion yen in 2007, up from 19.8 trillion in 2006, marking a new record high for the second consecutive year. This was mainly due to the growth of the surpluses in the trade and income balances. The capital and financial account deficit (net outflow) increased to 21.9 trillion yen in 2007, up sharply from 12.5 trillion yen in 2006, reflecting the increase in net outflows of "other investment." Reserve assets continued to increase, registering 4.3 trillion yen in 2007, up from 3.7 trillion yen in 2006. Balance of payments data for the whole of 2007, the second half of 2007, and the fourth quarter of 2007 in this report are preliminary unless otherwise stated.

Date: 2008-07-31
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