Japan's March current account surplus falls
May 15, 2001
Japan's current account surplus in March fell 0.6 per cent from a year
earlier as a slowdown in the global economy curbed overseas demand
for the country's exports. However, the services deficit decreased 0.6% to ¥ 363 billion.
The current account surplus, which measures
the flow of goods, services and investment income, and other financial
transfers, came to 1.3 trillion yen (S$19.3 billion), marking the fourth
consecutive year-on-year decline according to Ministry of Finance data released 14 May, 2001.
The March data comprised a 739.7 billion yen surplus in trade of goods
and services, 702.3 billion yen in financial income and a deficit of 138.4
billion yen in monetary transfers.
The surplus in goods
trade alone dropped
13.8 per cent in the
month to 1.103.3
trillion yen, with
exports rising 3.1 per
cent to 4.675.2 trillion yen and imports a stronger 9.8 per cent to
3.571.9 trillion yen.
In the financial year ending March, Japan's current account surplus fell
4.5 per cent year-on-year to 12.1 trillion yen. The surplus in goods trade
alone dropped 16.1 per cent to 11.6 trillion yen with exports rising 6.6
per cent to 49.8 trillion yen and imports gaining a robust 16.1 per cent to
38.3 trillion yen.
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