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  HOME | Business & Economy (Click here for more)

Japan Records Current Account Surplus of $16.7 Billion in October

TOKYO – Japan recorded a current account surplus of 1.82 trillion yen ($16.7 billion) in October, its 64th consecutive month of positive balance, according to a report published by the government on Monday.

The figure represents a 38 percent year-on-year rise, but a drop of 12.5 percent in comparison to September.

Japan’s goods trade balance recorded a surplus of 254 billion yen, compared to a deficit of 320.7 billion yen registered in 2018.

Trade balance in services recorded 99.5 billion yen in the negative, a 58.3 percent drop year-on-year.

Primary income, which represents returns on foreign investments, recorded a surplus of 1.75 trillion yen, a 13.7 percent year-on-year decline.

Secondary income, or transfer payments, recorded a deficit of 151.1 billion yen, a year-on-year fall by 37.5 percent.

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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