Japan posts first current account deficit in nearly 11/2 years

Image for article Japan posts first current account deficit in nearly 11/2 years
News Source : CNA

News Summary

  • Japan recorded a current account deficit in June for the first time in 17 months.
  • The deficit in the current account stood at 92.3 billion yen ($584.51 million) in June.
  • For the first half of this year, however, Japan's current account surplus rose by 22.5 per cent to a record 17.4 trillion yen.
  • The trade surplus was driven by strong exports of semiconductors for AI dater centers, the finance ministry said on Monday.

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