Japan’s current account surplus fell 28.2 percent from a year earlier to 775.6 billion yen in July, down for the eighth straight month, the Finance Ministry said Thursday in a preliminary report.

A ministry official said the shrinking surplus in the broadest measure of trade involves three factors: the ongoing global economic slowdown, a comparative depreciation of the yen to the dollar and an intensifying transfer of the production divisions of Japanese manufacturers to other parts of Asia.

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