Japan's November current account surplus down 65.9 per cent
Japan's current account surplus narrowed by
65.9 per cent in November to 581.2 billion yen (6.47 billion dollars), compared
to the same month a year before, as goods trade fell due to a slowdown in
exports, the Finance Ministry said Tuesday, dpa
The balance of goods and services trade reported a deficit of 184.2 billion yen in November.
Japan reported a deficit of 93.4 billion yen in goods trade, down from a surplus of 907.6 billion yen a year before. Exports fell 26.5 per cent to 5.06 trillion yen.
Imports shrank 13.7 per cent to 5.16 trillion yen.
In services trade, Japan saw a deficit of 90.8 billion yen, down 20.4 per cent, as Japanese travelers spent less overseas.
The income surplus dropped 15.5 per cent from a year before to 844.7 billion yen.
The current account balance shows the difference between a country's income from foreign sources and foreign obligations payable, excluding net capital investment. dpa cm jh