(MENAFN) Japan logged a current account surplus of USD13.75 billion in August, marking the 14th straight month in black ink, government data showed Thursday.
The surplus in the reporting period expanded more than six-fold from a year earlier, as falling prices of crude oil lowered import costs and a weaker yen boosted overseas profits.
Exports climbed 3.6 percent to USD48.75 billion, while imports shed 4.9 percent to USD51.48 billion, thus the goods trade deficit shrank 61.7 percent from the previous year to USD2.71 billion.
he surplus in the primary income account, which reflects how much Japan earns from its foreign investments, jumped 35.0 percent to USD17.07 billion.
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