TOKYO, eleventh November, 2024 (WAM) — Japan posted a report 15.82 trillion yen ($103 billion) present account surplus within the first half of fiscal 2024, boosted by elevated returns on overseas investments amid a weaker yen, authorities knowledge confirmed Monday.
In the April-September interval, the excess within the present account stability, one of many widest gauges of worldwide commerce, expanded 12.3 p.c from a yr earlier, the Finance Ministry mentioned in a preliminary report.
Of the full, main earnings, which displays how a lot Japan earned from investments abroad, logged a 22.12 trillion yen surplus, up 13.3 p.c, buoyed by rising stock dividends and bond yields overseas, Kyodo News quoted the ministry as saying.
Japan’s items commerce deficit got here to 2.41 trillion yen, up 86.8 p.c, as exports rose 5.0 p.c to 52.22 trillion yen and imports expanded 7.1 p.c to 54.64 trillion yen.
In September alone, Japan had a present account surplus of 1.72 trillion yen, remaining within the black for the twentieth straight month.
It registered a commerce deficit of 315.2 billion yen as exports declined 4.5 p.c to eight.70 trillion yen whereas imports elevated 3.2 p.c to 9.01 trillion yen.
Primary earnings surplus within the reporting month declined 14.4 p.c to 2.77 trillion yen.