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Japan's Current Account Surplus Hits Record High for April

Japan's Current Account Surplus Hits Record High for April

   Tokyo, June 9 (Jiji Press)--Japan's current account surplus in April rose 3.2 pct from a year earlier to 2,258 billion yen, a record high for the month, Finance Ministry data showed Monday.
   The current account balance, the broadest measure of a country's international trade and investment flows, was in the black for the third consecutive month, as the country's goods trade deficit slumped driven by growth in exports of semiconductors and other electronic parts.
   The trade deficit fell to 32.8 billion yen from 635.5 billion yen.
   Exports rose 4.0 pct to 8,769.1 billion yen, also a record high for April, led by high demand for electronic parts including chips, as well as food and medical supplies.
   Meanwhile, imports fell 2.9 pct to 8,801.9 billion yen due to a decline in coal and crude oil imports.

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AFP-JIJI PRESS NEWS JOURNAL


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