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  HOME | Business & Economy (Click here for more)

Japan Records Current Account Surplus of $14.4 Billion in September

TOKYO – Japan recorded a current account surplus of 1.61 trillion yen ($14.74 billion) in September, representing its 63rd consecutive month in the black, the government said on Monday.

The figure was 12.5 percent less than that recorded in September 2018, and represented a 25.12 percent decline from August.

Japan’s trade balance left a surplus of 1.1 billion yen, representing 99.6 percent drop year-on-year.

The services sector recorded a positive balance of 40.1 billion yen, in contrast to a deficit of 31.1 billion yen from last year.

Income, which reflects returns on investment abroad, recorded a surplus of 1.81 trillion yen, a decline of 5.6 percent year-on-year.

Transfers registered a deficit of 233.7 billion yen, representing a drop of 51.8 percent year-on-year.

The balance of payments reflects payments and receipts from foreign trade in goods, services, rents and transfers, and is considered one of the broadest trade indicators of a country.

 

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