Business & Economy

Japan records current account surplus of $1.58 billion in June

Tokyo, Aug 11 (efe-epa).- Japan recorded a current account surplus of 167.5 billion yen ($1.58 billion) in June, its 72nd consecutive month of positive balance, the Japanese government announced Tuesday.

The figure is 86.6 percent lower compared to the same month last year, according to data released by the finance ministry.

Japan’s trade balance recorded a deficit of 77.3 billion yen, in contrast with the 755.5 billion yen surplus registered in June 2019.

Exports fell by 25.7 percent in June compared to the same month in 2019 to 4.79 trillion yen while imports decreased by 14.4 percent to 4.87 trillion yen.

The trade balance in services recorded a deficit of 157.7 billion yen compared to a surplus of 71.7 billion yen registered in June 2019.

The income account registered a surplus of 426.4 billion yen in June, a year-on-year drop of 5.8 percent.

Transfers registered a deficit of 23.8 billion yen, representing a decline of 11.5 percent over the deficit recorded in the same month of 2019.

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. EFE-EPA


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