Japan 2019 current account surplus up, services see first black ink

Business Feb 10, 2020

Japan 2019 current account surplus up, services see first black ink

The current account surplus in 2019 grew 4.4 percent to ¥20.06 trillion ($183 billion) from the previous year, helped by the first-ever black ink in services trade on increased consumption by foreign tourists, government data showed Monday. The surplus in the current account, one of ...

Japan former top currency diplomat Asakawa takes office as ADB chief

Business Jan 17, 2020

Japan former top currency diplomat Asakawa takes office as ADB chief

Former Vice Finance Minister for International Affairs Masatsugu Asakawa took office Friday as president of the Asian Development Bank, the Manila-based organization said. Japan's former top currency diplomat succeeded Takehiko Nakao, 63, who led the ADB since April 2013 until he stepped down Thursday. Asakawa's ...