Tokyo, Dec. 8 (Jiji Press)–Japan’s current account surplus grew 15.5 pct in October from a year before to 2,833.5 billion yen thanks mainly to increased exports and higher dividend income, the Finance Ministry said Monday. The country posted a surplus in the current account, the broadest measure of trade, for the ninth straight month. Japan had a goods trade surplus of 98.3 billion yen in a turnaround from a deficit of 152.7 billion yen a year earlier. Exports increased 2.8 pct to 9,657 billion yen, led by semiconductors. Imports inched up 0.1 pct to 9,558.6 billion yen. The surplus in the primary income account, which mainly covers companies’ dividend and interest receipts from abroad, climbed 8.6 pct to 3,464.6 billion yen. The services trade deficit expanded to 294.6 billion yen from 86.6 billion yen on increased payments of cloud service fees. END [Copyright The Jiji Press, Ltd.]
Japan’s Current Account Surplus Grows 15.5 Pct in Oct.
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