Japan’s current account surplus soars in Nov. ’24
Japan’s current account surplus increased 54.5 per cent in November compared to the previous year, reaching 3.35 trillion yen (approximately $21.3 billion), due to a return to a positive goods trade balance, according to the Finance Ministry.
The ministry reported in a preliminary report that the current account balance, a key indicator of international trade, reached a record high in November and maintained a surplus for the 22nd month in a row.
Japan recorded a trade surplus of 97.9 billion yen, turning around from a deficit of 683.3 billion yen in the prior year. This was due to a 2.8 per cent increase in exports to 8.91 trillion yen and a 5.7 per cent decrease in imports to 8.81 trillion yen.
Attribution: Xinhua
Subediting: Y.Yasser
