Japan's Balance of Payments for 2003

International Department
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International Department: Bank of Japan

No 2004-05-21, Bank of Japan Research Papers from Bank of Japan

Abstract: Japan's balance of payments (BOP) in 2003 shows that the current account recorded a surplus of 15.8 trillion yen, increased from a surplus of 14.1 trillion yen in 2002; the capital and financial account turned to a net inflow of 8.1 trillion yen from a net outflow of 8.5 trillion yen, caused mainly by a significant net inflow in the financial account; reserve assets increased by 21.5 trillion yen, which was much larger than the increase in 2002 (5.8 trillion yen); and errors and omissions recorded a debit of 2.4 trillion yen.

Date: 2004-05-21
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