Table 2: Japan's Balance of Payments with the United States, 1995- 1999

(in millions of dollars, IMF value basis)

Return to Table of Contents

1995*

1995*

1996*

1997*

1998*

1999*

Merchandise Trade Balance

$52,182

Merchandise Trade Balance

$51,825

$37,261

$45,638

$55,143

$64,813

aaaaExports

118,092

aaaa Exports

118,257

107,967

112,871

113,369

123,148

aaaa Imports

65,910

aaaa Imports

66,432

70,707

67,232

58,225

58,335

Services Balance

-10,473

Services Balance

-25,574

-21,893

-19,706

-17,308

-18,651

aaaa Transportation

-2,726

aaaa Transportation

2,259

-982

392

1,388

572

aaaa Travel

-13,272

aaaa Travel

-13,284

-8,752

-7,399

-7,200

-9,029

aaaa Investment Income

15,936

aaaa Other

-10,031

-12,158

-12,070

-11,495

-10,191

aaaa Other

-10,410

aaaa aaaa Communications

117

0

88

43

-173

aaaa aaaa Official

810

aaaa aaaa Construction

-82

-83

232

150

75

aaaa aaaa Private

-11,220

aaaa aaaa Insurance

-660

-378

-343

-846

-698

Unilateral Transfers Balance

-1,711

aaaa aaaa Financial

-13

-266

-352

240

-327

aaaa Official

-1,617

aaaa aaaa Computer and Information

n.a.

-735

-1,505

-1,403

-955

aaaa Private

-94

aaaa aaaa Royalties and Fees

-5,242

-4,789

-4,012

-2,899

-2,930

aaaa aaaa Other Business Services

-4,678

-5,998

-6,159

-5,890

-4,676

Current Account Balance

39,998

aaaa aaaa Recreation, Personal Services

-258

-572

-497

-432

-560

aaaa aaaa Government Services

786

662

479

24

53

Long-Term Capital (net)

-6,151

aaaa Direct Investments (net)

-8,420

Goods and Services Balance

26,250

15,368

25,932

37,835

46,163

aaaa Trade Credits (net)

754

aaaa Loans (net)

890

Income

15,483

24,022

25,664

30,640

28,032

aaaa Stocks and Bonds (net)

2,441

aaaa Wages

n.a.

3

30

34

85

aaaa Other (net)

-1,816

aaaa Direct Investment

385

1,842

1,213

3,772

4,475

aaaa Portfolio Investment

16,668

20,917

23,491

24,381

19,718

Basic Balance

33,846

aaaa Other Investment

1,267

1,260

930

2,454

3,751

Current Transfers

-1,797

-2,175

-1,728

-1,846

-1,502

Current Account Balance

39,937

37,215

49,868

66,629

72,692

Financial Account

-17,297

-30,411

-36,879

-53,560

61,474

aaaa Direct Investment

-8,599

-11,871

-6,868

-3,674

-6,438

aaaa Portfolio Investment

10,191

-9,070

-11,851

-19,522

21,129

aaaa aaaa Equity Securities

24,030

8,379

3,744

6,663

47,385

aaaa aaaa Debt Securuties

-13,840

-17,450

-15,596

-26,184

-26,254

aaaa Other Investments

-18,890

-9,470

-18,159

-30,364

46,783

aaaa aaaa Loans

-20,747

-9,419

-17,199

-32,070

42,472

aaaa aaaa Trade Credit

-597

-2,206

-662

-2,821

258

Capital Account

-7

-780

-2,457

-9,730

-9,287

*Beginning with 1995, the figures are not comparable to those for earlier years since the data were published in yen rather than dollars as previously. The yen numbers were converted into dollars at the following exchange rates: 1995: ¥94.06; 1996, ¥108.78; 1997, ¥120.99; 1998, ¥130.91; and 1999, ¥113.91.

Notes:

  1. In 1996, the Bank of Japan reorganized its balance of payments information to provide greater detail. The 1996 figures, therefore, are not comparable with those of previous years. However, BOJ did recalculate 1995's data in the new format, providing a one-year overlap between the new and old reporting methods.
  2. For long-term capital transactions, credits (+) indicate net inflows and debits (-) indicate net outflows.

Source: Bank of Japan

Return to Table of Contents