— Japan Nov Current Account Surplus Y138.5 Bln, -85.5% Y/Y
— Japan Nov C/A Surplus MNI Median Forecast Y235.4 Bln, -75.4%
TOKYO (MNI) – Japan’s current account surplus shrank for the ninth
consecutive month in November as exports posted the second straight fall
amid slowing global growth and the persistent strong yen, data released
by the Ministry of Finance on Thursday showed.
The massive flooding in Thailand also added to the downtrend in
November.
The current account surplus stood at Y138.5 billion in November,
down 85.5% from the surplus of Y955.4 billion a year earlier.
The figures came in worse than the median forecast in a Market News
International survey for a fall of 75.4% to Y235.4 billion.
The income surplus, the largest component of the current account,
rose 13.0% to Y934.0 billion in November, marking the eighth straight
y/y rise.
Exports fell 3.1% in November from a year earlier, marking the
second straight fall, while imports increased 14.0% for a 23rd straight
rise.
The services account — including transport, travel and financial
services — posted a deficit of Y115.1 billion in November, versus the
shortfall of Y65.8 billion a year earlier.
The combined goods and services accounts were in deficit by Y700.2
billion in November, reversing a year-earlier surplus of Y190.4 billion,
tokyo@marketnews.com
** Market News International Tokyo Newsroom: 81-3-5408-4835 **
[TOPICS: M$J$$$,M$A$$$,MAJDS$]
