Japan current account surplus hits 8-year low in fiscal 1st half

Japan's current account surplus more than halved to an eight-year low of 4.85 trillion yen ($33 billion) in the first half of fiscal 2022, weighed down by a record trade deficit caused by soaring imports and the yen's sharp decline, Finance Ministry data showed Wednesday.The surplus in the April-September period fell by 6.86 trillion yen from a year earlier, the second-highest amount on record, according to the ministry's preliminary data. The sharp decline underscores the vulnerability of the resource-poor nation that relies heavily on imports.The country's trade deficit stood at 9.23 tril…READ FULL ARTICLE