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Japan's Current Account Surplus Hits Record High in Feb.

Japan's Current Account Surplus Hits Record High in Feb.

   Tokyo, April 8 (Jiji Press)--Japan's current account surplus in February jumped 48.4 pct from a year earlier to 4,060.7 billion yen, a record high for a single month since comparable data became available in 1985, Finance Ministry data showed Tuesday.
   Japan posted a surplus in the current account balance, the broadest measure of a country's international trade and investment flows, for the first time in two months, mainly as the trade balance turned into a surplus.
   In goods trade, Japan's surplus totaled 712.9 billion yen, against the year-before deficit of 298.3 billion yen, the ministry said a preliminary report.
   Exports climbed 10.4 pct at 9,005.5 billion yen, led by growth in exports of automobiles and semiconductor manufacturing equipment.
   By contrast, imports fell 1.9 pct to 8,292.6 billion yen due to the decline in crude oil and coal imports.

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AFP-JIJI PRESS NEWS JOURNAL


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