Japan Logs Largest July Current Account Surplus

   Tokyo, Sept. 9 (Jiji Press)--Japan posted 3,193 billion yen in current account surplus in July, up 15.1 pct from a year before and the largest for the month since the 1985 start of comparable data, Finance Ministry data showed Monday.
   The country logged a current account surplus for the 18th straight month, according to the preliminary balance of payments data.
   The result reflected a strong primary income surplus, which expanded 25.1 pct to 4,441 billion yen to hit a record high for a single month thanks to higher dividend receipts from foreign subsidiaries especially in the finance and insurance industries and to growth in interest income from bond holdings.
   The goods trade balance turned red with a deficit of 482.7 billion yen from a year-before surplus of 107.2 billion yen.
   Exports increased 9.7 pct to 9,417.1 billion yen. Imports rose a bigger 16.8 pct to 9,899.9 billion yen, boosted by a large gain in imports of medicines and telecommunications equipment such as smartphones.

(2024/09/09-13:29)

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