Japan FY13 current account balance may post a deficit - Kyodo News
- This would mark the first deficit in 33 years. - Japan had a current account surplus of ¥1.7T in Apr-Dec last year, although the balance was in deficit for three straight months from Oct.
- In Jan, the current accont deficit is likely to expand over ¥1T, and could continue to increase through March.
- Some economists, however, still forecast a FY13 current account surplus of approx ¥1-2T. **Note: In FY1980 Japan registered a current account deficit of ¥1.59T amid oil shock.
**Reminder: Japan Jan current account balance to be released Mar 10th.