Japan's April current account surplus more than doubles to $8bn

10 June 2013 07:15  [Source: ICIS news]

SINGAPORE (ICIS)--Japan’s current account surplus more than doubled to yen (Y) 750.0bn ($8bn) in April from Y373.5bn a year earlier, despite the increase in imports which outweighed the rise in exports, official data showed on Monday.

Current account measures an economy’s trade in goods, services, tourism and investment with the rest of the world.

The country’s exports rose by 2.7% year on year to Y556.8bn, while imports increased by 9.0% to Y638.7bn, the Finance Ministry said in a statement.

Also on Monday, the Cabinet Office said that Japan’s economy grew a revised 4.1% year on year, compared with an initial estimate of 3.5%.

($1 = Y97.50)

By: Nurluqman Suratman

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