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Japan current account surplus up 4.2% in August

Published on Oct 9, 2012 11:08 AM

TOKYO (AFP) - Japan's current account surplus expanded 4.2 per cent in August from a year earlier, official data showed on Tuesday, the first monthly rise since last year's quake-tsunami disaster and nuclear crisis.

The surplus in the current account, the broadest measure of Japan's trade with the rest of the world, stood at 454.7 billion yen (S$7.1 billion) in August, the finance ministry said, slightly beating market expectations.

That was the first monthly expansion since February 2011, a positive sign for Japan's economic recovery after last year's Mar 11 disasters triggered the worst nuclear accident in a generation.

The latest monthly reading was higher than forecasts by economists surveyed by Dow Jones Newswires and the Nikkei business daily, who estimated a surplus of 442.0 billion yen.

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