Japan’s Current Account Surplus Hits Record ¥25 Tril in Fiscal 2023
12:32 JST, May 10, 2024
TOKYO (Jiji Press) — Japan’s current account surplus in fiscal 2023 soared 2.8-fold from the previous year to hit a record high of ¥25,339 billion, mainly thanks to a smaller trade deficit, the Finance Ministry said in a preliminary report Friday.
In the year that ended in March 2024, the country’s goods trade deficit shrank to ¥3,572.5 billion from the previous year’s ¥17,786.9 billion. Exports rose 2.1% to ¥101,866.6 billion, while imports fell 10.3% to ¥105,439.1 billion.
The surplus in the primary income balance, which reflects dividend and interest flows, inched up 0.6% to ¥35,531.2 billion.
In March alone, Japan’s current account surplus climbed 44% from a year before to ¥3,398.8 billion.
"Business" POPULAR ARTICLE
-
Aviation Fuel Shortage Causes Problems at Regional Airports; Growing Demand, Lack of Workers to Transport
-
Prices of over 10,000 Food and Beverage Items to Rise This Year; Figure is down from over 30,000 Last Year
-
Sony Group to End Production of Blu-ray Discs; Market Has Shrunk Due To Growth Of Hard Disk Drives, Streaming
-
AI-Equipped Energy Efficient Air Conditioners Grow In Popularity; Some Can Guess Users’ Moods, Automatically Adjust Temperature
-
Toyota to Introduce 4-Day Workweek for Some Employees; Company Hopes More Flexible Schedules Will Boost Worker Motivation
JN ACCESS RANKING
- Aviation Fuel Shortage Causes Problems at Regional Airports; Growing Demand, Lack of Workers to Transport
- Prices of over 10,000 Food and Beverage Items to Rise This Year; Figure is down from over 30,000 Last Year
- Sony Group to End Production of Blu-ray Discs; Market Has Shrunk Due To Growth Of Hard Disk Drives, Streaming
- Japan Ministry Concerned Over Same-Sex Couple Receiving City-Issued Resident Certificates Referring to ‘Common-Law Husband’
- Japan Court OKs Sex Change without Surgery