Japan's current account surplus slumps far more than expected

|By:, SA News Editor

Japan's current account surplus fell 64% on year to a record low of ¥161.5B ($1.7B) in August, well under the ¥577.3B recorded in July and consensus of ¥520B.

The trade deficit climbed 33.5% on year to ¥885.9B vs ¥943.3B in July and forecasts of ¥880.1B, with the weaker yen leading to higher import costs.

Overseas income fell for the first time in nine months.

Nikkei +0.4%; USD-JPY +0.5% to ¥97.15.

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