Market Updates
Record Low Current Acocunt Surplus in Japan
Hiruki Nakamura
12 May, 2014
New York City
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The Ministry of Finance said Japan
The Ministry of Finance said Japan’s current-account surplus in the year ended March tumbled 81.3% to 789.9 billion yen from 4.2 trillion yen a year ago, the lowest since finance ministry recording comparable data in 1985.
For the year, exports jumped 12.2% to 69.80 trillion yen while imports soared 19.6% to 80.67 trillion yen and foreign investments climbed 14% to a record high of 16.6 trillion yen from a year ago.
In the month of March Japan''s current account surplus plunged 90.9% to 116.4 billion yen compared to 1.28 trillion from a year earlier.
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