Japan Records USD24.75B Current Account Surplus in August
(MENAFN) Japan recorded a current account surplus of 3.7758 trillion yen (approximately 24.75 billion U.S. dollars) in August, extending its streak to seven consecutive months, according to data released Wednesday by the Finance Ministry.
Despite the positive balance, the surplus contracted by 4.8 percent compared to the same month last year, primarily driven by a decline in primary income from foreign investments.
The primary income balance—which includes interest and dividend earnings from overseas assets—fell 11.5 percent year-on-year to 4.2986 trillion yen. The Finance Ministry cited company-specific reasons behind the drop, noting "fewer dividend receipts in the financial, insurance, and automobile sectors compared with a year earlier."
The trade balance swung back to a surplus of 105.9 billion yen, reversing a deficit of 385.6 billion yen a year prior, as imports decreased more sharply than exports. Imports declined 6.0 percent to 8.2537 trillion yen, led by lower prices for crude oil and liquefied natural gas (LNG). Meanwhile, exports edged down 0.4 percent to 8.3596 trillion yen, hindered by falling U.S.-bound auto shipments amid American tariff policies.
Services posted a deficit of 189.9 billion yen—2.4 times wider than last year—due to a 22.1 percent drop in royalty and license fee income to 432.9 billion yen.
On a brighter note, the travel balance increased 3.1 percent to a record 419.5 billion yen for August, fueled by a sustained rise in inbound tourism.
(Exchange rate used: 1 Japanese yen = 0.007 U.S. dollars)
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
