Japan's April-Sept. current account surplus quadruples

posted on November 11, 2015

Japan's current account surplus in the April to September period more than quadrupled from a year earlier to the highest level since the first half of fiscal 2010, the government said Tuesday, with a notable gain in the travel surplus in addition to a fall in imports due to lower crude oil prices.

The surplus of 8,693.8 billion yen ($70.59 billion), about a 4.3-fold increase from the previous year, was also boosted by increased overseas income on the back of a weaker yen.

The current account balance is one of the widest gauges of international trade for a nation.

source by kyodonews
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