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Japan's current account surplus rises 88% on year in April

06-08-2010 10:49 BJT

TOKYO, June 8 (Xinhua) -- Japan's current account surplus in April rose 88.0 percent from a year earlier, the Ministry of Finance (MOF) said in a report on Tuesday.

The surplus fell short of the median market forecast for a 102. 8 percent increase in the recording month.

The current account surplus stood at 1.242 trillion yen (13.58 billion U.S. dollars) , according to the ministry's data, whereas the median forecast was 1.340 trillion yen (14.60 billion dollars).

April's figures were down on year from a month earlier where the surplus widened to 2.534 trillion yen (27.2 billion dollars), the MOF said.

The current account balance is nation's way of measuring trade in goods and services and is generally the difference between a nation's exports of goods and services and its imports of goods and services

Positive net sales abroad generally contributes to a current account surplus.

Editor:Zhang Jingya |Source: Xinhua

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