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  HOME | Business & Economy (Click here for more)

Japan Records $16 Billion Current Account Surplus in September

TOKYO Ė Japan recorded a current account surplus of $16.03 billion in September, marking its fifty-first consecutive positive month, Japanís Ministry of Finance announced Thursday.

The figure is 19.3% lower than in the same month in 2017 and 0.9% lower than in August, according to data released by the Ministry.

The Japanese trade balance had a surplus of $2.8 billion, which represents a fall of 62.3% year-on-year, but contrasts with the deficit of $1.9 billion the previous month.

Exports fell by 0.9% year-on-year to $58.7 billion, while imports increased by 8% to $55.8 billion.

The balance of services left a deficit of $365 million, which represents a year-on-year reduction of the negative balance of 27.3%.

Machinery orders in Japan fell by 18.3% in September from the previous month to $7.06 billion, the Japanese Cabinet Office announced Thursday.

The contraction of the indicator, which excludes orders for electricity companies and shipyards due to excessive volatility, contrasts with the increase of 6.8% registered in August.

Total manufacturing orders fell by 17.3% in September and non-manufacturing orders by 17.1%.

In the manufacturing sector, the decline in orders for chemicals (67%), food and beverages (47.7%) and textiles (45.2%) was noteworthy.

The only increases were in the paper sector (100.3%), transport equipment outside the automotive and shipping sectors (14.6%) and ceramic, stone and clay products (4.2%).

 

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