The current account surplus of Japan expanded in August reached 2 trillion JPY. This is a 23% increase over the same month last year. Moreover, the surplus was the highest for August since 2007, better than expected by the economists for 1.558 trillion JPY and the 26th consecutive month of surplus.
The trade balance also returns to a surplus of 243.2 billion JPY, as import prices fell by 18.3% this year, helped by the strong yen.
The current account measures trade in goods, services and tourism and investment. It is calculated by determining the difference between income from foreign sources and payments on foreign obligations and excludes net capital investment.
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