Section 3. Current Status of Transportation Activities


   In fiscal 1976, international transport showed steady increases in the volume of freight and passengers, but domestic transport generally declined: passenger transport which had been rising for some time, remained at a very low level (Table 1-1-1).
   Further, the Japanese international balance of payments in fiscal 1976 (IMF base) represented a surplus of $3,252 million in the overall balance, going into the black for the first time in four years. In the balance figure, services and transfers, which are concerned with transportation, had deficit balances in all sectors such as shipping, aviation and tourism. These deficits totaled $3.9 billion, or up a sharp $754 million in the level of deficits from the previous year.

 


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