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Japan posts record current-account surplus for half year NHK

Japan has posted a record current-account surplus for the first half of the fiscal year starting in April. Businesses in the country saw bigger returns as investments overseas rose.

The Finance Ministry says the current-account surplus for the April-to-September period was more than 15.8 trillion yen, or over 100 billion dollars.

That's up 1.7 trillion yen, or over 11 billion dollars from last year. It's also the highest level for half a fiscal year since comparable data became available in 1985.

The current account represents a country's earnings from trade and investment with the rest of the world.

The primary income account also logged a record high for half a fiscal year. It hit more than 22 trillion yen, or about 144 billion dollars.

Japanese companies received greater dividends and interest payments amid the weak yen and higher interest rates in the US and elsewhere.

However, the trade balance was a deficit of 2.4 trillion yen, or over 15 billion dollars. That's on increased imports of computers and pharmaceutical products.

September alone shows a current-account surplus of 1.7 trillion yen, or more than 11 billion dollars, marking the 20th consecutive month of surplus. But the amount plunged by 8 billion dollars from last year.
Summary
Japan recorded a record current-account surplus of over 15.8 trillion yen for the first half of its fiscal year, with businesses seeing increased returns due to higher investments overseas. The primary income account also reached a record high. Despite a trade deficit of 2.4 trillion yen, driven
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ID: 11c95ce3-f8ba-49c9-9bdb-7426f3b1e1bc

Category ID: nhk

URL: https://www3.nhk.or.jp/nhkworld/en/news/20241111_B03/

Created: 2024/11/11 19:00

Updated: 2025/12/08 09:00

Last Read: 2024/11/12 10:11