Market Commentary and Intraday News

Japan Current Account Surplus 454.7 Billion Yen In August

227 days ago

(RTTNews) - Japan saw a current account surplus of 454.7 billion yen in August, the Ministry of Finance said on Tuesday, up 4.2 percent on year.

That beat forecasts for a surplus of 421.1 billion yen (down 3.7 percent) but declined from the surplus of 625.4 billion (-40.6 percent) yen in July.

The trade balance reflected a deficit of 644.5 billion yen, missing forecasts for a shortfall of 628.6 billion yen after showing a 373.6 billion yen deficit in the previous month.

Exports were down 5.3 percent on year in August, while imports dipped 5.4 percent.

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