Japan records a 3.8 trillion yen current account surplus in August, its 19th consecutive month of surplus.

Japan achieved a record current account surplus of 3.8 trillion yen (approximately $25.7 billion) in August, marking the 19th month of consecutive surplus. This increase is largely due to the yen's depreciation, which enhanced dividend payments from overseas subsidiaries. Despite deficits in goods and services trade—attributable to rising imports of smartphones and pharmaceuticals—strong inbound tourism helped maintain a surplus in the travel balance.

October 08, 2024
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