Ja­pan’s sur­plus ex­pands in H1

China Daily (Hong Kong) - - BUSINESS -

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.

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