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.
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