TOKYO : Japan's current account surplus jumped to a record last year, data from the finance ministry showed on Monday, as a weaker yen boosted returns on foreign investments that helped to comfortably offset a trade deficit.The surplus in the current account stood at 29.3 trillion yen ($192.
cards interface. Give it a try.TOKYO : Japan's current account surplus jumped to a record last year, data from the finance ministry showed on Monday, as a weaker yen boosted returns on foreign investments that helped to comfortably offset a trade deficit.
Primary income from securities and direct investment overseas remained the biggest driver with a record 40.2 trillion yen in surplus, as Japanese companies pursue growth abroad, including acquisitions of foreign firms. The country's current account surplus was once considered a sign of export might and a source of confidence in the safe-haven yen.
Japan now offsets the trade deficit with the robust primary income surplus, which includes interest payments and dividends from past investments overseas.
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