Japan's current account swings back to black on overseas investment
newscatcher
2023-04-10 06:30
Japan's current account swings back to black on overseas investment
TOKYO – Japan's current account swung to a surplus in February, reflecting hefty returns on securities investments and easing some concerns about any weakening of the country's purchasing power, after the previous month's record deficit. The current account surplus stood at 2.1972 trillion yen ($16.59 billion) in February, smaller than a 2.5357 trillion yen surplus forecast by a Reuters poll of 16 economists. That followed the prior month's 1.9893 trillion yen deficit, which was caused by effects of the Chinese New Year holidays in January.

https://business.inquirer.net/395152/japans-current-account-swings-back-to-black-on-overseas-investment

#inquirer
Hide Comments Comments (0)

You must login before you can post a comment.