— Japan Oct Current Account Surplus Y562.4 Bln, -62.4% Y/Y
— Japan Oct C/A Surplus MNI Median Forecast Y496.5 Bln, -66.8%
TOKYO (MNI) – Japan’s current account surplus shrank for the eighth
consecutive month in October as exports posted the first decline in
three months amid slowing global growth and the persistent strong yen,
data released by the Ministry of Finance on Thursday showed.
The current account surplus stood at Y562.4 billion in October,
down 62.4% from the surplus of Y1.49 trillion a year earlier.
The figures came in slightly better than the median forecast in a
Market News International survey for a fall of 66.8% to Y496.5 billion.
The income surplus, the largest component of the current account,
rose 20.3% to Y1.12 trillion in October, marking the seventh straight
y/y rise.
Exports fell 2.7% in October from a year earlier, marking the first
fall in three months, while imports increased 21.3%.
tokyo@marketnews.com
** Market News International Tokyo Newsroom: 81-3-5408-4835 **
[TOPICS: M$J$$$,M$A$$$,MAJDS$]