This is an AI translated post.
Japan's Current Account Surplus Up 59% in First Half, Hits 12.6 Trillion Yen (Kyodo News)
- Writing language: Korean
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Base country: Japan
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- Economy
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Summarized by durumis AI
- Japan's current account surplus in the first half of 2024 totaled 12.6817 trillion yen, up 59.2% from the same period last year.
- The trade deficit narrowed, and the primary income surplus, which includes interest income from overseas investments, expanded, contributing to the increase in the current account surplus.
- In particular, the current account surplus in June recorded 1.5335 trillion yen, up 0.9% from the same month last year.
According to preliminary data on the balance of payments for the first half of 2024 (January-June) released by the Japanese Ministry of Finance on August 8, the current account surplus, which reflects the situation of trade in goods, services, and investments with foreign countries, was recorded at 12.6817 trillion yen, a 59.2% increase from the same period last year. The reduction in the trade deficit, which is the difference between exports and imports, and the expansion of the surplus in primary income, which includes interest income from overseas investments, were major contributing factors. Examining the details of the current account for the first half of 2024, the trade balance recorded a deficit of 2.6118 trillion yen. Exports increased by 6.7% to 50.6068 trillion yen, while imports rose by 1.1% to 53.2185 trillion yen. Primary income recorded a surplus of 19.1969 trillion yen. The current account surplus for June, also released on the same day, was recorded at 1.5335 trillion yen, a 0.9% increase from the same month last year.
