Japan adjusted Currrent Account undershoots expectations, ¥744.3B versus expected ¥1,018.9B

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Japan’s Current Account came in below expectations, with the adjusted balance of trade printing at ¥744.3 billion compared to the ¥1.01 trillion forecast, an eleven-month low for the indicator.

Foreign Investment in Japanese Stocks also got pulled down, with foreign funds investment into Japanese equities declining to ¥308.4 billion compared to the previous period’s ¥721 billion.

USD/JPY continues to trade tightly near the 148.00 price handle as markets gear up for Thursday’s trading session.

The Current Account released by the Ministry of Finance is a net flow of current transactions, including goods, services, and interest payments into and out of Japan. A current account surplus indicates that the flow of capital into Japan exceeds the capital reduction. A current account deficit indicates that there is a net capital outflow from these sources. A high reading is seen as positive for the JPY, while a low reading is seen as negative.

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