Japan’s Current Account Balance Surplus Rises

Japan’s current account balance remained in the black for a third straight month in September.
The unadjusted current account surplus rose to 963 billion yen from a surplus of 287.1 billion yen in August, as income from investments overseas bolstered the balance of payments. That was above expectations for a 534.2 billion yen surplus in a Reuters poll.

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“Japan booked a current account surplus again in September, but the base of the surplus is likely to remain narrow despite some improvement,” Harumi Taguchi, principal economist at IHS Global Insight said in a note.
Japan’s current account surplus was up 61.9 percent on year in September, while the surplus in the primary income component, or income balance, was up 24.5 percent on year.

via CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza