Japan's Balance of Payments for 2004

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International Department: Bank of Japan

No 2005-06-16, Bank of Japan Research Papers from Bank of Japan

Abstract: Japan's balance of payments (BOP) in 2004 recorded a current account surplus of 18.6 trillion yen, increased from a surplus of 15.8 trillion yen in 2003. This represents a new record high for the second consecutive year. The capital and financial account recorded a net inflow of 1.5 trillion yen, decreased from a net inflow of 7.7 trillion yen in 2003; reserve assets increased by 17.3 trillion yen, which was smaller than the increase recorded in 2003 (21.5 trillion yen); and errors and omissions recorded a debit of 2.8 trillion yen.

Date: 2005-06-16
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