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Japan May current account surplus -8.1 pct y/y
(For more stories on the Japanese economy, click [ID:nECONJP])
TOKYO, July 8 (Reuters) - Japan's current account surplus fell 8.1 percent in May from a year earlier, Ministry of Finance data showed on Thursday, contrasting with the median market forecast for a 1.3 percent increase. [JPCURA=ECI]
The decline came after 88 percent growth in the previous month in a sign of moderating rebounds in exports and income from investment returns. This was the first fall in 10 months.
The surplus stood at 1.2053 trillion yen ($13.73 billion), against a median forecast for 1.3282 trillion yen.
Following are details of the current account balance; economists' median forecast is in parentheses:
(Unadjusted, billion yen)
MAY APRIL MAY YR BEFORE -------------------------------------------------------------- Current account
balance +1,205.3(+1,328.2) +1,242.1 +1,311.4 Trade balance +391.0 +859.1 +393.5 Income balance +928.7 +946.0 +1,176.4 ---------------------------------------------------------------
For the full tables, see the MOF's website of at
here (Reporting by Kaori Kaneko)
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