• Kyodo

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The nation’s current account surplus doubled in fiscal 2015 from the previous year to ¥17.98 trillion, buoyed by lower crude oil prices and a surge in travel surplus on the back of a growing number of foreign tourists, the government said Thursday.

Cheap crude oil helped reduce goods imports despite slower exports, helping to turn around the trade balance to a surplus of ¥629.9 billion in fiscal 2015, a reversal from a deficit of ¥6.59 trillion in fiscal 2014.

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