Japan current account surplus up 4.2% in August
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.