According to data released by Japan's Ministry of Finance on January 2014, the initial balance of payment in November 2013 showed that the current account deficit was 592.8 billion Yen. ANBOUND research team think that Japan lost many traditional exportation advantages to Korea and China over the years. More and more Japanese enterprises opt to produce their exported spare parts in foreign countries in order to reduce production cost. However, such structural changes also reduced the stimulus effect of Yen depreciation on exportation. Meanwhile, devaluation has exacerbated the high cost of energy import. The labor income and household purchasing power also decline due to the impact of energy prices on top of sales tax hike. The adverse effect of Abenomics on domestic demand has been gradually revealed.