Japan rebounded to its first current account surplus in four months in February, posting a...


Japan rebounded to its first current account surplus in four months in February, posting a figure of ¥637.4B ($6.5B) vs a deficit of ¥364.8B in January and consensus for a surplus of ¥457.5B. Net income surplus +13% Y/Y to ¥1.4T. The swing was due to the sharp falls in the yen, which helped improve the value of income from overseas investments, while the Chinese New Year led to a fall in Japanese imports.

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