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- Japan’s current account surplus declines to ¥1,653.1 billion in August
Japan’s current account surplus declines to ¥1,653.1 billion in August
Japan's Ministry of Finance released its current account data for Japan late Wednesday evening. Japan's current account surplus fell to ¥1,653.1 billion in August from ¥1,808.6 billion in July, beating expectations for a surplus of ¥1,221.1 billion.
Japan benefits from a weaker yen, which supports income from overseas investments.
The goods trade deficit declined by 61.7% year-on-year to ¥326.1 billion in August.
Exports rose at an annual rate of 3.6% in August, while imports dropped 4.9%.
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