09 April 2012 04:38 [Source: ICIS news]
SINGAPORE (ICIS)--Japan’s current account surplus fell by 30.7% year on year to yen (Y) $1,178bn ($13.7bn) February this year, improving markedly from the record deficit in January, amid higher exports to the US, official data showed on Monday.
The current account measures an economy’s trade in goods, services, tourism and investment with the rest of the world.
This resulted in a trade surplus of Y102bn, compared with a deficit of Y1,382bn in January this year.
The trade balance improved in March on the back of a recovery in exports to the
($1 = Y81.5)
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