Japan 2011 current account surplus -43.9 pct yr/yr

Related Topics

Tue Feb 7, 2012 7:01pm EST

TOKYO, Feb 8 (Reuters) - Japan's current account
surplus shrank 43.9 percent in 2011 from a year earlier to its
lowest level since 1996, as it posted a trade deficit on weak
exports and a surge in fuel imports due to nuclear plant
shutdowns.	
    The current account surplus stood at 9.6289 trillion yen
($125 billion) in 2011, with income gains from overseas
investment offsetting the deficit in the trade balance.	
    In December, the current account surplus fell 74.7 percent
from a year earlier, in line with a median market forecast for a
71.9 percent decline and followed a 85.5 percent drop in
November. 	
    The surplus stood at 303.5 billion yen, against a median
forecast for 336.9 billion yen.	
    Following are details of the current account balance	
(Economists' median forecast in parentheses):      	

                      2011             2010           
 ---------------------------------------------------------------	
 Current account 	
 balance          +9,628.9            +17,170.6      
  Trade balance    -1,608.9             +7,978.9      
  Income balance  +14,029.6            +11,697.7      	
----------------------------------------------------------------	
                       DEC               NOV    DEC YR
BEFORE 
----------------------------------------------------------------	
 Current account 	
 balance        +303.5(+336.9) 
 +138.5   
 +1,197.9      
  Trade balance     -145.8             -585.1      +763.5      
  Income balance    +700.5             +934.0      +585.4      	
----------------------------------------------------------------($1 = 76.8800 Japanese yen)
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.