Subscribe free to our newsletters via your
. Earth Science News .




TRADE WARS
Japan posts first current account surplus in five months
by Staff Writers
Tokyo (AFP) April 08, 2014


Japan posted its first current account surplus in five months in February, helped by a narrower trade deficit and higher returns on investment abroad, government data showed Tuesday.

Japan logged a surplus of 612.7 billion yen ($5.9 billion) in February, down 5.7 percent from the surplus the year before, but a reversal of a deficit of 1.59 trillion yen in January.

The monthly trade deficit shrank by 1.4 percent on-year to 533.4 billion yen as exports grew faster than imports.

Exports rose 15.7 percent to 5.94 trillion yen thanks to robust shipments of automobiles and refined fuel products while imports went up 14.1 percent to 6.47 trillion yen.

Japan used to boast large trade surplus on exports of cars and other industrial products.

But the nation has recently been saddled with heavy deficits stoked by its dependence on importing fossil fuels to generate electricity, with nuclear reactors shut down after the 2011 tsunami-sparked atomic disaster.

The yen's sharp depreciation since late 2012 has also pushed up import costs.

The nation's primary income balance, which includes returns on foreign investment, marked a surplus of 1.46 trillion yen, up 3.6 percent from a year earlier.

The current account is the broadest measure of the country's trade with the rest of the world, including not only trade in goods but also services, tourism and returns on foreign investment.

.


Related Links
Global Trade News






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News





TRADE WARS
Bitcoin boss flees Cyprus 'after threat': reports
Nicosia (AFP) April 03, 2014
The boss of a Bitcoin company in Cyprus has fled abroad days after it suddenly stopped operations, in a blow to the virtual currency's once vaunted prospects on the island. Privately owned television channel Sigma TV said Thursday that it had repeatedly tried to contact Neo & Bee CEO Danny Brewster, but to no avail. The firm launched a huge advertising campaign earlier this year but halt ... read more


TRADE WARS
Emergency management in Arctic: Experts offer seven key recommendations

Malaysia police say MH370 mystery may never be solved

ASEAN, US defense ministers look for lessons from MH370 search

Sub joins MH370 hunt as Malaysia police probe draws blank

TRADE WARS
Materials and electronics that dissolve when triggered

Chemists develop gold coating that dims glare

Math modeling integral to synthetic biology research

World's oldest weather report could revise Bronze Age chronology

TRADE WARS
Ecuador hydroelectric blast kills four Chinese workers

Invasive waterways species spread due to climate change

'Mama Kanga': Nigeria's 'well woman'

Upward Falling Payloads Advances Deep-Sea Payload Technology

TRADE WARS
'Great opportunities' from climate change: Iceland PM

NSIDC, NASA Say Arctic Melt Season Lengthening, Ocean Rapidly Warming

Seasonal Arctic summer ice extent still hard to forecast

Researchers reveal the dynamics behind Arctic ecosystems

TRADE WARS
Quarter of Europe's bumblebee species risk extinction: study

China's COFCO to acquire 51% of agri-firm Noble

Space tech provides Africa's first Islamic insurance for herders

Research Clarifies Health Costs of Air Pollution from Agriculture

TRADE WARS
Great earthquakes, water under pressure, high risk

Chileans survey damage after huge quake kills six

Powerful quake hits Chile, sparking tsunami warnings

Evacuations as Peru volcano rumbles to life

TRADE WARS
Nigerian military hits back at Boko Haram abuse claims

Cameroon arrests three for trafficking arms to Boko Haram

Underfunded S.Africa military in 'critical decline': review

France calls for more European troops for C.Africa mission

TRADE WARS
Technofossils are an unprecedented legacy left behind by humans

Scientists build 'designer' chromosome

New Technique Sheds Light on Human Neural Networks

Eyes are windows to the soul -- and evolution




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.