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Japan records highest current account surplus in decade

IANS  |  Tokyo 

recorded a surplus of 21.87 trillion yen ($199 billion) in December, the largest in a decade, due to robust earnings from investments overseas, the said on Thursday.

The figure was 7.5 per cent higher than in 2016, when the surplus amounted to 20.3 trillion yen, reports news agency.

The government released the preliminary data for 2017 together with the figures for December, in which the surplus was 797.2 billion yen.

December marked the 42nd straight month of the nation's being in surplus.

The current account measures a country's trade in goods and services, payments from investments and other transfers.

--IANS

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, February 08 2018. 10:44 IST
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