Current account surplus up 14.5%

Jiji Press TOKYO (Jiji Press) — Japan’s current account surplus in May rose 14.5 percent from a year before to ¥1,938.3 billion, the Ministry of Finance said Monday.

The result came against the median forecast of ¥1,240.2 billion in surplus among 19 economic research institutes surveyed by Jiji Press.

Japan logged a goods and services trade deficit of ¥261.6 billion against the year-before deficit of ¥48 billion, the ministry said in a preliminary balance of payments report.

In goods trade, Japan’s deficit totaled ¥303.8 billion, against ¥108.4 billion in deficit. Exports were up 10.6 percent at ¥6,323.2 billion, and imports were up 13.7 percent at ¥6,627.1 billion.

The surplus on the primary income account grew 23.2 percent to ¥2,398 billion.Speech

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