|    FM Home   |    FM News   |    FM Forum   |    FM Blog   |   
11th of July 2011
|   Banking  |   Insurance  |   Property  |   Mortgages  |   Economy  |   Investments  |   Credit Cards  |   Debt  |   Loans  |   Pensions  |   Companies  |  

Japan’s current account surplus down 52% in May

Bookmark and Share

by Kay Mitchell

March’s devastating earthquake and tsunami continues have a negative impact on Japan’s exports, sending its current account surplus tumbling.

Official figures from the Ministry of Finance today said the surplus declined almost 52% to 590.7 billion yen (£4.55 billion) on a year earlier.

In April, the surplus was down 70%.

However, the fall was less than expectations and suggests the world’s third largest economy is gradually recovering from the twin disasters.

Exports continue to fall after catastrophes forced some of Japan’s largest exporters to halt production.

Exports were 9.8% lower in May on an annual basis, while imports rose 14.7%, primarily due to higher energy costs.

Discuss this in the Finance Markets forums

Story link: Japan’s current account surplus down 52% in May

News posted: July 8, 2011

Financial Services:

Related financial stories to: Japan’s current account surplus down 52% in May:
Previous: «
Next: »

Visited 406 times, 16 so far today

No Comments »

No comments yet.

RSS feed for comments on this post.

Leave a comment

Tags: , , , , , , , , ,


Economy News feed Economy News

All Financial News feed All Financial News