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domingo, 14 de octubre de 2012

Japan Aug current account expands on year

By Eleanor Warnock
Japan current account expands 4.2% in August from a year earlier, the first expansion in 18 months
The Ministry of Finance attributes the expansion to an increase in overseas investment income
The trade deficit shrinks due to falling energy prices, the ministry says
TOKYO
Japan's current account surplus expanded 4.2% from a year earlier in August, the first expansion in 18 months, the Ministry of Finance said Tuesday, even as exports remained weak amid the slowing global economy
The surplus in the current account, the broadest measure of Japan's trade with the rest of the world, stood at Y454.7 billion in August before seasonal adjustment, the data showed
That is slightly wider than expected by economists surveyed by Dow Jones Newswires and the Nikkei, who estimated a surplus of Y442.0 billion
An MOF official briefing reporters said the expansion on year was due primarily to an increase in overseas investment income, particularly from bonds
Hideki Matsumura, senior economist at the Japan Research Institute, said the figures were as expected, showing that weakness in exports was being compensated for by the income balance.
The figures showed Japan's trade deficit at Y644.5 billion, narrowing 6.6% on year, something the MOF attributed to falling petroleum prices that reduced the total value of imports.
The current situation will likely continue "unless overseas economies improve and Japan's trade-balance turns to the black," Mr. Matsumura added
The current account measures trade in goods, services, tourism and investment. It is calculated from the difference between Japan's income from foreign sources against payments on foreign obligations and excludes net capital investment.

1 comentario:

El Genio dijo...

Si quieren salvar a sus jóvenes japoneses, deben de comenzar ya con Inyecciones Masivas de Liquidez, y depreciar un poco el Yen.
Tienen su propia divisa, depende de ellos la recuperación