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Japan's current account surplus falls YOY in June

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Japan's current account surplus falls YOY in June

Japan's current account surplus fell 4.3% year over year to ¥934.6 billion in June, after dipping 5.9% in May, preliminary figures from the Ministry of Finance showed Aug. 8.

This was the 36th consecutive month that Japan posted a current account surplus, which was supported by returns on overseas investments and positive trade balance, Bloomberg News reported.

The primary income surplus, which anchored the account, was up 22.9% to ¥507.2 billion.

Th surplus in goods trade was down 32% to ¥518.5 billion, data from the Ministry of Finance showed.

As of Aug. 7, US$1 was equivalent to ¥110.84.