TOKYO, Dec. 8 (Xinhua) — Japan logged a present account surplus of two.58 trillion yen (about 17.9 billion U.S. {dollars}) in October, stated a authorities report on Friday.
According to the Finance Ministry’s preliminary data, the determine is within the black for the ninth consecutive month. It can also be in comparison with a deficit of 149 billion yen in the identical interval final yr.
According to the ministry, the nation noticed a items commerce deficit of 472.8 billion yen and a providers commerce surplus of 343.8 billion yen within the recording interval.
Imports decreased by 12.1 p.c whereas exports expanded by 1.0 p.c yr on yr, the preliminary information confirmed.
The report additionally stated that the first earnings, which displays returns on abroad investments, booked a surplus of three.05 trillion yen. (1 Japanese yen equals 0.0070 U.S. dollar)