Japan logged a current account surplus in October for a 52nd straight month, the government said in a report on Monday.
According to the Finance Ministry, the current account surplus here stood at 1.31 trillion yen (11.65 billion U.S. dollars) in the recording month, with Japan logging a surplus for a 52nd straight month.
According to the preliminary figures released by the ministry, Japan had a goods trade deficit of 321.7 billion yen (2.86 billion U.S. dollars) and a services trade deficit of 233.0 billion yen (2.02 billion U.S. dollars).
The ministry also said, the primary income, which reflects returns on investments made overseas, booked a surplus of 2.05 trillion yen (18.23 billion U.S. dollars) in the recording period.
Japan has been consistently running a surplus in the current account, one of the widest gauges of international trade, helped by solid income from foreign investments.
Japan's current account surplus is one of the broadest measure of its trade with the rest of the world.
The data is keenly eyed by the Bank of Japan (BOJ) and the finance ministry ahead of new potential policy changes or monetary easing or tapering measures.
In Japan, the current account surplus increases the nation's net foreign assets by the corresponding amount, and a current account deficit does the reverse.
Both the Japanese government and private payments are included in the calculation and it is called the current account because goods and services are generally consumed in the current period.
According to the Finance Ministry, the current account surplus here stood at 1.31 trillion yen (11.65 billion U.S. dollars) in the recording month, with Japan logging a surplus for a 52nd straight month.
According to the preliminary figures released by the ministry, Japan had a goods trade deficit of 321.7 billion yen (2.86 billion U.S. dollars) and a services trade deficit of 233.0 billion yen (2.02 billion U.S. dollars).
The ministry also said, the primary income, which reflects returns on investments made overseas, booked a surplus of 2.05 trillion yen (18.23 billion U.S. dollars) in the recording period.
Japan has been consistently running a surplus in the current account, one of the widest gauges of international trade, helped by solid income from foreign investments.
Japan's current account surplus is one of the broadest measure of its trade with the rest of the world.
The data is keenly eyed by the Bank of Japan (BOJ) and the finance ministry ahead of new potential policy changes or monetary easing or tapering measures.
In Japan, the current account surplus increases the nation's net foreign assets by the corresponding amount, and a current account deficit does the reverse.
Both the Japanese government and private payments are included in the calculation and it is called the current account because goods and services are generally consumed in the current period.
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