Japan Current Account Surplus Hits Record High in 2024
Tokyo, Feb. 10 (Jiji Press)--Japan's current account surplus in 2024 grew 29.5 pct from the previous year to a record 29,261.5 billion yen mainly because of higher dividend and interest receipts from abroad, the Finance Ministry said in a preliminary report Monday.
The surplus on the primary income account, which covers Japanese companies' investment income from abroad, rose 11.3 pct to a record 40,207.2 billion yen, backed by expanded dividend receipts from financial firms' overseas units and growth in interest income from bond holdings.
The goods trade deficit narrowed to 3,899 billion yen from 6,500.9 billion yen a year before.
In December alone, the country's current account surplus went up 17.8 pct from a year before to 1,077.3 billion yen, the 23rd straight month of surplus.
(2025/02/10-11:08)
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