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Japan posts current account surplus for 22nd straight month in April

Xinhua, June 8, 2016 Adjust font size:

Japan logged a current account surplus in April for the 22nd successive month, the Finance Ministry said in a preliminary report on Wednesday.

According to the report, the balance in the recording period stood at 1.88 trillion yen (17.51 billion U.S. dollars).

Goods trade, a major components in the current account, recorded a surplus of 697.1 billion yen, the government's data showed.

Japan's current account surplus is one of the the broadest measure of its trade with the rest of the world and the data is keenly eyed by the Bank of Japan (BOJ) and the Finance Ministry ahead of new potential policy changes or monetary easing or tapering measures.

In Japan, the current account surplus increases the nation's net foreign assets by the corresponding amount, and a current account deficit does the reverse.

Both the Japanese government and private payments are included in the calculation and it is called the current account because goods and services are generally consumed in the current period. Endit