Investing.com – Japan’s current account recorded a larger-than-expected surplus in July, official data showed on Wednesday.
In a report, Japan’s Ministry of Finance said that the country’s current account recorded a seasonally adjusted surplus of JPY 1.46 trillion in July, after recording a surplus of JPY 1.36 trillion in June.
Economists had expected the current account to record a surplus of JPY 1.38 trillion in July.
The data showed that year-on-year, Japan’s current account surplus rose 26.1% in July.
Economists had expected year-on-year core current account surplus to increase 17.5% in July.
Following the release of the data, the yen was up against the U.S. dollar, with USD/JPY shedding 0.42% to hit 83.48.
In a report, Japan’s Ministry of Finance said that the country’s current account recorded a seasonally adjusted surplus of JPY 1.46 trillion in July, after recording a surplus of JPY 1.36 trillion in June.
Economists had expected the current account to record a surplus of JPY 1.38 trillion in July.
The data showed that year-on-year, Japan’s current account surplus rose 26.1% in July.
Economists had expected year-on-year core current account surplus to increase 17.5% in July.
Following the release of the data, the yen was up against the U.S. dollar, with USD/JPY shedding 0.42% to hit 83.48.