english.kyodonews.net
Japan's Record Current Account Surplus
Japan posts record 15.82 trillion yen current account surplus in the first half of fiscal 2024, boosted by investment returns and a weaker yen.
English
Japan
EconomyInvestmentTradeFinanceInternational TradeCurrency
Finance MinistryBoj
- What is the impact of the weaker yen on Japan's economy?
- A weaker yen, while inflating import costs, boosted investment returns and inbound tourism, contributing to the overall surplus.
- What was the main driver behind the record current account surplus?
- The primary income surplus, reflecting investment earnings, was 22.12 trillion yen, the highest ever for a fiscal half-year period.
- What was the current account and primary income surplus in September?
- In September alone, Japan had a current account surplus for the 20th consecutive month, although the primary income surplus declined.
- What was the total value of Japan's current account surplus in the first half of fiscal 2024?
- Japan's current account surplus reached a record 15.82 trillion yen ($103 billion) in the first half of fiscal 2024, mainly due to increased returns on foreign investments and a weaker yen.
- How did the trade balance and travel surplus contribute to the overall current account balance?
- Despite a trade deficit of 2.41 trillion yen, the travel surplus reached a record 3.10 trillion yen, mitigating the services trade deficit.