Arab Today, arab today japan’s 1sthalf current account surplus hits record low
Last Updated : GMT 08:53:10
Arab Today, arab today
Arab Today, arab today

Japan’s 1st-half current account surplus hits record low

Arab Today, arab today

Arab Today, arab today Japan’s 1st-half current account surplus hits record low

Tokyo - QNA

Japan logged a record low first-half current account surplus of 2,721.4 billion yen in the first six months of fiscal 2012 on shrinking exports amid a global economic slowdown and increasing fuel imports, the government said Thursday. The surplus in the balance of international payments, one of the widest gauges of trade for a country, dropped 41.3% from a year earlier and was the smallest for the April-September period since comparable data became available in 1985, the Finance Ministry said in a preliminary report, according to (Kyodo) news agency. For the six-month period, the goods trade deficit expanded 1,389.5 billion yen to 2,619.1 billion yen, the most for any half-year period, it said. Of the total, the value of exports slid 0.9% to 30.98 trillion yen, due mainly to slowing exports on the back of the eurozone sovereign debt crisis and the Chinese economic slowdown. Exports to China fell 8.2% from a year earlier and those to Europe declined 16.2%. Imports expanded 3.4% to 33.60 trillion yen on higher crude oil and natural gas imports. Japanese utilities have boosted consumption of liquefied natural gas to reboot thermal power generation as an alternative to atomic power, the use of which has stalled in the wake of the Fukushima nuclear crisis. A ministry official suggested the current account balance will continue to be affected by a murky global economic condition and a strong yen, as well as crude oil price increases. The balance of services trade, covering such elements as travel payments and transport costs, came to a deficit of 1,679.1 billion yen, up from a deficit of 1,018.7 billion yen. The deficit expanded for the third straight first-half period on increased shipment costs, although the number of overseas visitors to Japan increased in a turnaround from a decline a year earlier following the March 2011 earthquake and tsunami disaster. The income account, which reflects how much Japan earns on its foreign direct and portfolio investments, expanded 2.1% to 7,502.4 billion yen, due mainly to an increase in reinvested earnings. In September alone, the surplus was down 68.75 to 503.6 billion yen on slowing exports of such products as vehicles, as well as expansion in the service trade deficit, it said. But the figure remained in the black for the eighth consecutive month.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today japan’s 1sthalf current account surplus hits record low Arab Today, arab today japan’s 1sthalf current account surplus hits record low

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today japan’s 1sthalf current account surplus hits record low Arab Today, arab today japan’s 1sthalf current account surplus hits record low

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday