Japan’s deficit
I (X.Z.P.A.-Reuter—Copyright) TOKOYO. | It has been confirmed that! Japan had a deficit ofi i$USlO,O74m in her balance! |of payments in 1973 com-' pared with a surplus of SUS474Im in 1972. The Ministry of Finance: .says that the record figure.! iexceeding the $US10,000m: [mark for the first time in J Japan’s history, was caused] mainly by a sharp drop in the trade surplus, and to a heavy long-term capital deficit. . The trade surplus in 1973 [amounted to SUS3737m, compared with SUSB97Im earned ; in the previous year. The long-term capital) account deficit during 19731 iwas SUS97IBm —more than double the 1972 deficit ofi SUS44B7m. This was because! of an increased capital outflow, including overseas loan; issues and investments, and’ net sales in portfolio invest-! ments by foreign investors in! Japanese stocks.
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Bibliographic details
Press, Volume CXIV, Issue 33448, 1 February 1974, Page 21
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131Japan’s deficit Press, Volume CXIV, Issue 33448, 1 February 1974, Page 21
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