Japan's Growing Current Account Surplus in May: Record Primary Income and Trade Balance
Monday, 8 July 2024, 00:45
Japan Current Account Details:
Japan's current account surplus grew for the 15th straight month in May to reach 2.85 trillion yen ($17.74 billion). This growth was attributed to a record primary income surplus, offsetting the trade deficit.
Key Points:
- Surplus Increase: Surpassed economists' forecast of 2.45 trillion yen.
- Earnings Shift: Reflects a continuous change in the country's income sources over time.
- Stability: The surplus trend indicates a stable economy with strong financial performance.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.