The current account surplus expanded more than six-fold in August compared with the previous year to log a surplus for the 14th consecutive month, thanks in part to foreign visitors lifting the travel surplus to a record high, the government said in a preliminary report Thursday.
The surplus in the current account balance — one of the widest gauges of a nation’s international trade — ballooned about 6.6 times to ¥1.653 trillion ($13.8 billion) as falling crude prices pushed down the value of oil imports and a weaker yen boosted overseas income.
Unable to view this article?
This could be due to a conflict with your ad-blocking or security software.
Please add japantimes.co.jp and piano.io to your list of allowed sites.
If this does not resolve the issue or you are unable to add the domains to your allowlist, please see out this support page.
We humbly apologize for the inconvenience.
With your current subscription plan you can comment on stories. However, before writing your first comment, please create a display name in the Profile section of your subscriber account page.