Japan records a current surplus of $4.12 billion in December
A worker walks next to containers piled up at the Aomi International Container Terminal in Tokyo, Japan, May 18, 2017 (reissued Aug 10, 2018). EPA-EFE FILE/FRANCK ROBICHON
Tokyo, Feb 8 (efe-epa) - Japan recorded a current account surplus of 452.8 billion yen ($4.12 billion) in December, its fifty-fourth consecutive month of positive balance, the Japanese government announced on Friday.
The figure is 43.1 percent lower than that recorded in the same month in 2017 and 43.5 percent lower than the surplus obtained last November, according to data published by the Japanese Ministry of Finance.
The Japanese trade balance showed a surplus of 102 billion yen, which contrasts with the deficit of 547 billion yen recorded the previous month and represents a year-on-year decline of 69.2 percent.
Exports fell by 2.8 percent year-on-year to 7.06 trillion yen and imports increased by 1.6 percent to 6.85 trillion yen.
The balance of services recorded a deficit of 114.2 billion yen, a reduction of 41.12 percent year-on-year, in contrast to the surplus of 12.1 billion yen recorded in November.
The income account recorded in the last month of 2018 a positive balance of 404.9 billion yen, representing a decline of 34.7 percent over December 2017.
The balance of payments reflects payments and receipts from foreign trade in goods, services, rents and transfers, and is considered one of the broadest trade indicators of a country.