— Japan Jun Current Account Surplus -50.2% Y/Y Vs May -51.7%
— Japan June Current Account Surplus at Y526.9 Bln
— Japan June C/A MNI Poll Median: -43.5%, Y597.7 Bln Surplus
— Japan June Current Account Surplus Posts 4th Y/Y Fall in Row
— Japan June Trade Surplus Y131.5 Bln Vs Y762.0 Bln Yr Ago
— Japan June Trade Surplus MNI Median: -84.3% at Y119.8 Bln
TOKYO (MNI) – Japan’s current account surplus shrank in June at a
slightly slower pace on a year-on-year basis than in the preceding
months amid accelerated efforts by Japan Inc to fix the quake-ravaged
supply chains, data released by the Ministry of Finance on Monday
showed.
The current account surplus stood at Y526.9 billion ($6.73 billion)
in June, down 50.2% from the surplus of Y1.06 trillion a year earlier,
posting a fourth straight month of a year-on-year decline.
But the pace of decline slowed from declines of 51.7% in May and
69.5% in April.
The headline figure came in slightly weaker than the median
forecast in a Market News International survey, which called for a fall
of 43.5% to Y597.7billion.
The income surplus rose 31.7% on year to Y606.9 billion in June.
Overall exports fell 1.1% in June from a year earlier, decelerating
from falls of 9.8% in May and 12.7% in April, while imports increased
11.9% following rises of 14.7% in May and 12.3% growth in April.
Based on the MOF’s customs-cleared trade data for May released last
month, the fall in exports was led by automobiles (-12.5%),
semiconductors and other electronic devices (-17.1%) and auto parts
(-10.3%).
The services account — including transport, travel and financial
services — posted a deficit of Y120.6 billion in June, compared with a
deficit of Y91.8 billion a year earlier.
The combined goods and services accounts were in surplus by Y10.8
billion in June, compared with a surplus of Y670.2 billion a year
earlier.
tokyo@marketnews.com
** Market News International Tokyo Newsroom: 81-3-5408-4835 **
[TOPICS: M$J$$$,M$A$$$,MAJDS$]
