Japan's current account surplus widened in August

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Source: MNI
© Scanpix/Reuters
According to the Ministry of Finance, Japan's current account surplus widened in August from the previous year, making the first expansion in a year and a half. The current account surplus was 454.7 billion yen in August, up 4.2% from a year earlier, surpassing economists' expectations of a 423.8 billion yen surplus. Economists expect Japan to continue to have a current account surplus for the nearest future due to robust investment income, even as the surplus has gradually shrank in recent months because of the nation's trade deficit. 
"It looks like the balance has stabilized somewhat," said Jun Kawakami, Market Economist at Mizuho Securities. 
The trade balance showed a deficit of 644.5 billion yen, which was against economists expectations of a  628.6 billion yen shortfall.


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