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Economics & Business News

Japan’s current account surplus widens to biggest margin in seven years

The current account surplus grew in March to its widest margin since 2008, helped by an improvement in the trade balance and increased income from overseas.

Japan had a ¥2,8 trillion excess in its broadest measure of trade, the Finance Ministry said Wednesday. The result was wider than a median estimate of ¥2.1 trillion in a Bloomberg survey of economists.

A cheaper energy import bill, combined with an influx of tourists attracted by the weaker yen and increasing income from investments abroad by Japanese companies are helping to increase the surplus.

Japan’s current account surplus widens to biggest margin in seven years