TOKYO, Dec. 9 (Xinhua) — Japan recorded a present account surplus of two.46 trillion yen (about 16.4 billion U.S. {dollars}) in October, marking the twenty first consecutive month of surplus, in line with preliminary information launched by the Ministry of Finance on Monday.
The most important driver of the excess was record-high earnings from abroad investments, supported by the weaker yen and rising world rates of interest.
The major earnings stability, which incorporates dividends from overseas subsidiaries and curiosity on bonds, reached 3.25 trillion yen, the very best determine for October since comparable data started in 1985.
However, the commerce stability posted a deficit of 155.7 billion yen, although the hole was smaller than the identical interval in 2023 resulting from an increase in exports, significantly of semiconductor manufacturing tools.
The providers account shifted to a 159 billion yen of deficit, attributed to a drop in royalty earnings from mental property within the chemical and pharmaceutical sectors, regardless of sturdy journey income pushed by record-breaking inbound tourism for the month. (1 U.S. dollar equals 150 yen)