TOKYO (dpa) – Japan posted a current account surplus for the fifth straight month in November with a falling yen lifting the value of exports and income from foreign investment, the government said Tuesday.
The surplus stood at 433 billion yen (3.67 billion dollars), compared with an account deficit of 596.9 billion yen a year earlier, the Finance Ministry said in a preliminary report.
Japan’s surplus on the primary income account, which indicates how much it earns from its foreign investments, soared 44.4 per cent to 1.27 trillion yen, the ministry said.
Exports rose 10.8 per cent from a year earlier to 6.32 trillion yen and imports edged up 2.2 per cent to 6.96 trillion yen, which resulted in a trade shortfall of 636.8 billion yen, down 42.4 per cent, the ministry said.
Falling oil prices slow imports while a weaker yen makes Japanese goods more competitive overseas and improves repatriated revenues.