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Japan's current account surplus down in September
AP - 50 minutes ago
TOKYO - Japan's government says the country's current account surplus in September plunged 48.8 percent from a year earlier.
The Finance Ministry said Tuesday the surplus in the current account, the broadest measure of Japan's trade with the rest of the world, stood at 1.5 trillion yen ($15 billion) in the month. It marked the seventh consecutive month of year-on-year declines.
Exports in September grew 2.1 percent to 7.04 trillion yen ($71 billion), while imports surged 32.7 percent to 6.8 trillion yen ($68.6) in September.
The current account measures trade in goods, services, tourism and investment. It is calculated by determining the difference between Japan's income from foreign sources against payments on foreign obligations and excludes net capital investment.
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