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Japan Current Account Narrows in August But Beats View

Japan’s current account balance narrowed in August but remained in the black for a second straight month, buoyed by income from overseas investments.

The unadjusted current account surplus narrowed to 287.1 billion yen in August from a surplus of 416.7 billion yen in July. However, that was above expectations for a surplus of 198 billion yen in a Reuters poll.

Japan’s current account surplus was up 82.7 percent on year, while the surplus in the primary income component, or income balance, was up 20.6 percent on year.

CNBC [1]

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