TOKYO, April 10 (Xinhua) — Japan logged a present account surplus of two.2 trillion yen (16.6 billion U.S. {dollars}) in February, the federal government stated in a report on Monday, again to the black following a deficit in January.
According to the Finance Ministry’s preliminary info, the determine was 2.3 p.c decrease than in the identical interval final 12 months.
According to the ministry, the nation had a items commerce deficit of 604.1 billion yen (4.56 billion U.S. {dollars}) and a providers commerce deficit of 220.4 billion yen (1.66 million U.S. {dollars}), amongst key parts within the recording interval.
Imports and exports expanded 9.8 p.c and 4.5 p.c 12 months on 12 months, respectively, the preliminary knowledge confirmed.
The report additionally confirmed that the first earnings, which displays returns on abroad investments, booked a surplus of three.44 trillion yen (25.96 billion U.S. {dollars}) on the backdrop of upper rates of interest abroad and the weaker yen.