Japan’s surplus expands in H1
Japan’s current account surplus expanded to the highest level since 2007 in the first half of the year. That was on recovering earnings from overseas investments and against a backdrop of rising prices for crude oil impacting the value of overall imports, the government said on Tuesday. According to a preliminary report from the finance ministry, in the January-June period the surplus totaled 10.51 trillion yen ($95 billion), an increase of 0.3 percent from the same period a year earlier. The ministry said the surplus in the primary income account increased 2.2 percent to 9.76 trillion yen, aided in part by a comparatively soft yen against the US dollar.