Japan posts record high 2.32 trillion yen current account surplus in July

Source: Xinhua| 2017-09-08 10:22:08|Editor: liuxin
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TOKYO, Sept. 8 (Xinhua) -- Japan posted a current account surplus for the 37th straight month in July, the Finance Ministry said in a preliminary report on Friday.

The surplus stood at 2.32 trillion yen (21.40 billion U.S. dollars) and marked a record for the month of July, the ministry said, with goods and trade registering a surplus of 566.6 billion yen.

The surplus in the primary income account, which shows how much Japan earns from foreign investments, increased 26.8 percent on year to 2.15 trillion yen, the ministry's figures also showed.

Goods trade booked a surplus of 566.6 billion yen, down 5.7 percent, the ministry said, with the contraction owing to rising energy imports including for liquefied natural gas, coal and crude oil from other countries.

A weaker yen pushes the import costs of these goods higher.

The ministry added that imports leapt 17.7 percent on year to 5.83 trillion yen, in the recording period, while exports jumped 15.2 percent to 6.40 trillion yen.

Japan logged a travel surplus of 156.0 billion yen, owing to a rise in the numbers of tourists visiting Japan. (1 U.S. dollar equals to 108.38 Japanese yen)