Tokyo: SiltaNews – News Desk
Japan’s current account surplus edged down 0.1% from the previous year to 3.93 trillion yen ($24.8 billion) in February, Kyodo News reported, citing the Finance Ministry on Wednesday.
Primary income, including dividends and interest earnings from overseas investments, rose 11.6% from the previous year to 4.24 trillion yen, the ministry said in a preliminary report, as their values were inflated due to the weaker yen.
Goods trade recorded a surplus of 267.6 billion yen, plunging 67.0% from the year before. Exports were up 2.8% to 9.37 trillion yen, while imports increased 9.7% to 9.10 trillion yen.
Japan’s services trade deficit shrank 0.4% from the previous year to 284.5 billion yen, affected by an improvement in the travel surplus. A surplus in the travel balance means that spending by foreign visitors in Japan exceeds the amount spent by Japanese residents overseas.