Japan's current account surplus declines



[ad_1]

Japan has released the latest data on its trade and investment with the rest of the world. According to officials, the country's account surplus for the month of May has declined, while exports to China have fallen.

The finance minister said the current account was in the dark for the 59th consecutive month. But in terms of yen, the surplus fell by 15.8% compared to the same month last year. That was nearly 1.6 trillion yen, or about $ 14.6 trillion.

The decrease is mainly due to the ongoing trade dispute between the United States and China. The spat has resulted in a decline in exports of chip making equipment and auto parts in China.

[ad_2]
Source link