Japan's current account surplus down 93% in May

Japan's current account surplus plunged 92.8 percent in May from a year earlier to 128.4 billion yen ($944.5 million) on ballooning imports driven by soaring energy prices amid Russia's invasion of Ukraine and a weakening yen, the Finance Ministry said Friday.The current account balance, one of the widest gauges of international trade, remained in the black for the fourth consecutive month but the amount of surplus was the smallest on record for May, according to preliminary data released by the ministry.Among key components, the goods trade deficit widened by 1.9 trillion yen from a year e…READ FULL ARTICLE