Government data showed on Tuesday that Japan recorded a current account surplus of 8.01 trillion yen (56 billion dollars) during the first half of 2023, an increase of 11.1% compared to last year, due to a decrease in the trade deficit and record foreign investment returns due to the weakness of the local currency yen.
Japan’s Kyodo news agency reported that data showed the goods trade deficit fell from January to June to 5.18 trillion yen, as imports rose more slowly, while a rise in auto exports contributed to an increase in total exports.
The Ministry of Finance said in a preliminary report that imports rose by 0.9% to 52.58 trillion yen, while exports rose by 2.0% to 47.40 trillion yen.
The dollar reached 134.92 yen during the first half of the year, an increase of 9.6% compared to last year.
The weakening of the yen contributes to boosting Japanese companies ‘ revenues and investment returns, while driving up import costs.
GOOGL 
AMZN 
MET 
T 
WPM 
DM 
SVM 
CMC 
HKDUSD=X 
BABA 