Japan's current account surplus shrinks in June, misses expectations
Japan posted a smaller than expected current account surplus in June, official data showed Friday.
According to preliminary figures released by the Ministry of Finance, Japan's current account surplus reduced by 24% to JPY1.348 trillion in June, down from JPY1.764 trillion during the same month a year earlier.
A reading of JPY1.480 trillion was expected based on the consensus forecast cited by FXStreet.
Exports fell 2.4% year-on-year in June, while imports reduced by 1.3%.
The latest reading also represented a 61% decline from a surplus of JPY3.436 trillion in May.
UCapital Asset Management LLP or group companies may have commercial relationships with the companies mentioned. This content is not financial advice.
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