Japan posts fourth straight current account surplus in May
Published on Jul 8, 2014 12:35 PM
TOKYO (AFP) - Japan recorded a current account surplus for the fourth straight month in May, government data showed Tuesday, as the country's trade shortfall narrowed.
The surplus of 522.8 billion yen (S$6.4 billion) was down 7.7 per cent from the same month a year ago, but the rate of decline was much smaller than a 76.1 per cent drop in April.
The latest current account figure - the broadest measure of Japan's trade picture - was influenced by a drop in the country's trade deficit as imports fell for the first time in 19 months.
The current account measures not only trade in goods but also services, tourism and returns on foreign investment.
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