[8 Reuters TOKYO, according to the preliminary balance of payments situation released by the Ministry of Finance 8, the current account in October 4362 was a surplus of 1 trillion yen

[8 Reuters TOKYO, according to the preliminary balance of payments situation released by the Ministry of Finance 8, the current account surplus in October was 4362 trillion yen. Rose 2.9 percent, increasing for two consecutive months. Despite a shrinking trade surplus, the service deficit narrowed, the expansion of surplus income.

The preliminary survey conducted in private investigation agency Reuters, the median forecast of the current account surplus of 1.52 trillion yen, an increase over the previous year was 9.0 percent.

Goods and services will be a surplus of 6384 billion yen, increased by 4.4 percent over the previous year. 18 consecutive months of surpluses.

Of these, surplus and trade balance of 9129 billion yen, decreased by 2.6% over the previous year. The two-month decline. Exports will increase 8.8 percent year over year increase of 11 consecutive months. And imports increased 11.5 percent year on year increase of 10 consecutive months. Exceeded the increase rate of export increase rate of imports, the trade surplus decreased.

The services account deficit billion in 2745, became a deficit of seven consecutive months, a year earlier (a deficit of 3259 billion yen) from the deficit was reduced. Looking at the breakdown, and increased receipt of royalties and patents, "other services" that contributed to the reduction of the deficit.

The income account surplus rose 3.9 percent, an increase of 8832 billion yen, increased for the third month running. According to the Treasury tends to be a slight recovery from the global economy, an increase in reinvested earnings received from such overseas subsidiaries contributed to the increase in the income account surplus.

(Takeda Akiko Reuters News)

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