Japan Sept current account surplus up 24.3 pct y/y

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TOKYO, Nov 9 (BestGrowthStock) – Japan’s current account surplus rose
24.3 percent in September from a year earlier, the Ministry of
Finance said on Tuesday, more than triple the median market
forecast for a 6.9 percent. [JPCURA=ECI]

The jump came on the back of an increase in both the trade
and income surpluses. It followed a 5.8 percent decline in the
previous month.

The surplus stood at 1.9598 trillion yen ($24.13 billion),
against a median forecast for 1.6858 trillion yen.

The MOF data also showed that China sold a net 624.3 billion
yen in short-term Japanese bills in September, after having
pulling out almost entirely from its short-term yen investments
in August.

China also sold a net 144.9 billion yen in Japanese bonds
during the month, the data showed.

Following are details of Japan’s current account balance;
economists’ median forecast is in parentheses:

(Unadjusted, billion yen)

SEPT AUG SEPT 09
————————————————————–
Current account
balance +1,959.8 (+1,685.8) +1,114.2 +1,576.7

Trade balance +926.9 +195.9 +604.9

Income balance +1,181.0 +1,107.5 +1,079.4
————————————————————–
For the full tables, see the MOF’s website of at
http://www.mof.go.jp/bpoffice/bpdata/pdf/bp1009.pdf
(Reporting by Tetsushi Kajimoto; Editing by Chris Gallagher)

Japan Sept current account surplus up 24.3 pct y/y