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Japan's Balance of Payments for 2013

Department, International

Bank of Japan 2014

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  • Title:
    Japan's Balance of Payments for 2013
  • Author/Creator: Department, International
  • Publisher: Bank of Japan
  • Creation Date: 2014
  • Subjects: portfolio rebalancing ; government bond purchases ; Quantitative and Qualitative Monetary Easing (QQE) ; Flow of Funds Accounts Statistics
  • Description: Japan's current account surplus decreased to 3.3 trillion yen in 2013 from 4.8 trillion yen in 2012, mainly due to an increase in the deficit on goods. The capital and financial account shifted to net inflows of 4.6 trillion yen in 2013 from net outflows of 8.2 trillion yen in 2012, mainly because portfolio investment shifted to net inflows as investments in foreign securities by Japanese investors shifted to net sales (inflows) and net purchases of Japanese securities by foreign investors (inflows) increased. Reserve assets increased by 3.9 trillion yen in 2013 after having decreased by 3.1 trillion yen in 2012. The Balance of Payments (BOP) data for 2013 and the fourth quarter of 2013 throughout this report are preliminary.