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- Japan current account surplus narrows in June
Japan current account surplus narrows in June
Japan's Ministry of Finance (MoF) announced Tuesday that the country's current account surplus stood at JPY935 billion in June compared to the JPY1,653.9-billion surplus in May and JPY976.5-billion surplus in the same month a year ago. That was the lowest current account surplus since January 2017. Economists had forecast for a surplus of JPY860.5 billion.
According to the MoF's report, Japan's goods trade surplus amounted JPY518.5 billion compared to a JPY 115.1-billion deficit in the previous month and a surplus of 762.5 billion in June 2016. Goods exports rose 9 percent y-o-y, while imports surged 15.1 percent y-o-y.
The services account showed a deficit of JPY 49.9 billion in June compared to a surplus of JPY 42.1 billion in May and a deficit of JPY 158.1 billion in June 2016.
Meanwhile, the capital account posted a deficit of JPY14.5 billion, while the financial account recorded a surplus of JPY1,343.7 billion.
In the January-June period, Japan's current account surplus was JPY10.510 trillion, +0.3 percent y-o-y.
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