Japan Current-Account Surplus Growing on Weaker Yen

Japan’s current-account surplus rose in March to the highest level in a year as a depreciating yen boosted repatriated earnings and brightened the outlook for the nation’s exports.

The excess in the widest measure of trade was 1.25 trillion yen ($12.4 billion), the Ministry of Finance said in Tokyo today. That exceeded the 1.22 trillion yen median estimate of 23 economists surveyed by Bloomberg News.

The yen breached 100 per dollar for the first time in four years in New York trading yesterday as central bank Governor Haruhiko Kuroda rolls out unprecedented monetary easing to revive the world’s third-biggest economy. Sustaining a current-account surplus may help to maintain confidence in the nation’s finances as officials wrestle with a public debt burden more than twice the size of the economy.


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Mingze Wu

Mingze Wu

Currency Analyst at Market Pulse
Based in Singapore, Mingze Wu focuses on trading strategies and technical and fundamental analysis of major currency pairs. He has extensive trading experience across different asset classes and is well-versed in global market fundamentals. In addition to contributing articles to MarketPulseFX, Mingze centers on forex and macro-economic trends impacting the Asia Pacific region.
Mingze Wu