Economy

Japan's current-account surplus to shrink 75% over 2 years: survey

Economists point to fossil fuel dependence, negative feedback from weak yen

20220512N tanker

Workers watch a liquefied natural gas tanker at a power plant south of Tokyo. Japan imports virtually all of its fossil fuels, and the recent commodities surge has been a major blow to its balance sheets. © Reuters

TOMOHIRO EBUCHI, Nikkei staff writer
May 13, 2022 06:03 JST

TOKYO -- Economists expect Japan's current-account surplus for this fiscal year to plunge by roughly 75% from two years earlier, a Nikkei survey shows, weighed down by a weak yen and the country's dependence on expensive fossil fuels.

Read Next

Latest on Economy

  • Economy

    Land border closure, migrant worker returns hit Cambodian economy

    Land border closure, migrant worker returns hit Cambodian economy
  • Economy

    Japan's GDP contracted annualized 1.1% in July: JCER

    Japan's GDP contracted annualized 1.1% in July: JCER
  • Economy

    China deflation worries flare as CPI falls more than expected

    China deflation worries flare as CPI falls more than expected

    • Sponsored Content

    About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.