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Market Update

Record Low Current Acocunt Surplus in Japan


Author: Hiruki Nakamura
ticker.com
Last Update: 9:58 AM ET May 12 2014

The Ministry of Finance said Japanís current-account surplus in the year ended March tumbled 81.3% to 789.9 billion yen from 4.2 trillion yen a year ago, the lowest since finance ministry recording comparable data in 1985.

For the year, exports jumped 12.2% to 69.80 trillion yen while imports soared 19.6% to 80.67 trillion yen and foreign investments climbed 14% to a record high of 16.6 trillion yen from a year ago.

In the month of March Japan''s current account surplus plunged 90.9% to 116.4 billion yen compared to 1.28 trillion from a year earlier.

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Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites. Market data: BATS Exchange. Inc