Balance Walking Japan Surplus four-fold, Stronger Yen

Japan's current account surplus up more than four-fold from April to September compared with last year. Such data as well as a surplus in Japan's highest level since the first half of fiscal year 2010, according to official reports the Japanese government on Tuesday (10/11). In addition, also mentioned that Japan's trade balance surplus was also due to the decline in imports due to lower oil prices.

Japan's current account surplus reached 8.693 billion yen, a bulging 4.3 fold from a year earlier, boosted by rising incomes abroad amid weak yen. The current account is the biggest parameter to measure a country's international trade.

The trade deficit of Japanese goods was reduced by 90.6 percent to number 419.7 billion yen from a year earlier due to rising exports as much as 2.8 percent to figure 37.22 trillion yen while imports slipped 7.4 percent to figure 37.64 trillion yen, as noted in a preliminary report released by the Ministry of Finance Japan today.

A drastic reduction in the import sector reflects a decline in oil imports by 34.0 percent. This condition is quite favorable for Japan given the country's import-dependent country since the destruction of nuclear energy sources by the tsunami in 2011.


USD / JPY sloping
After this report, the Yen traded at 123.07 per US dollar at 8:54 am in Tokyo, more powerful than the levels reached in the previous session. The yen had weakened to 8.5 percent during the month of September.