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Japan May current account surplus rises 58.1 pct y/y
July 8, 2013 / 12:01 AM / in 4 years

Japan May current account surplus rises 58.1 pct y/y

TOKYO, July 8 (Reuters) - Japan's current account surplus
rose 58.1 percent in May from a year earlier, Ministry of
Finance data showed on Monday, in a sign that recovering exports
and hefty gains from overseas investments helped the nation's
balance of payments.
    The rise compared with a median forecast by economists for a
77.9 percent increase.
    The surplus stood at 540.7 billion yen ($5.36 billion),
against a median forecast for 608.5 billion yen, and followed a
750 billion yen surplus in April.($1 = 100.9050 Japanese yen)

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