Japan’s current account hits record in March

Japan’s current account surplus hit a record in March since the last 10 years on the background of recovery of trading operations and high yield from foreign investments.

According to figures, current account surplus increased in March by 6.9% to 2.980 trillion yen. Experts surveyed by the WSJ expected it to rise to 2.99 trillion yen.

Trade balance in March rose by 39% YoY to 927.2 billion yen. Import decreased on the background of low commodity prices. Surplus from realisation of services also rose due to growth of tourists in Japan in this month.

Primary income surplus hat indicates incomes from direct foreign investments and investments in securities decreased by 8.6% versus 2015 to 2.123 trillion yen.