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Japan registers current account surplus

Source : IANS
Last Updated: Mon, Apr 08, 2013 07:50 hrs

Tokyo, April 8 (IANS) Japan registered its first current account surplus in four months in February, with earnings from the securities investments income account outweighing the trade deficit, according to government data released Monday.

The surplus in the balance, one of the widest gauges of international trade, stood at 637.4 billion yen ($6.5 billion), said the report released by the finance ministry.

The income account, which reflects how much Japan earns from its foreign investments, marked a gain of 1,407.4 billion yen, up 13.1 percent from a year earlier, helped by higher dividends and profits from securities investments on the back of a weaker yen. It marked the third consecutive month of gains, reported Xinhua.

Goods trade saw a deficit of 677.0 billion yen, as exports dropped 3.5 percent from a year earlier to 5,065.9 billion yen, brought down by a decline in exports to China and the European Union, while imports surged 11.5 percent to 5,742.8 billion yen as demand for mineral fuels grew.



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