09 October 2012 05:29 [Source: ICIS news]
The rise in current account surplus was partly because there was an increase in
The current account measures a country’s trade in goods, services, tourism and investment with the rest of the world.
This resulted in a trade deficit of Y644.5bn in August, widening from the Y373.6bn deficit a month earlier.
“There is little evidence that the [Japan’s] export outlook will improve soon in the fourth quarter, if taking into account the weakness in global demand, the strength in the yen, and the repercussions of China-Japan political tensions,” said Singapore-based DBS Group Research.
($1 = Y78.34)
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