Japan's April-Sept. current surplus triples to record 12.7 tril. yen

Japan's current account surplus in the first half of fiscal 2023 tripled from a year earlier to a record 12.71 trillion yen ($84 billion), lifted by record-high foreign investment returns as falling energy import costs trimmed the trade deficit, government data showed Thursday.Primary income stood at 18.38 trillion yen, up 3.9 percent from a year earlier, as higher overseas yields and a weaker yen boosted the total. The figure was the highest since comparable data became available in fiscal 1985.As energy prices dropped, the trade deficit for resource-poor Japan shrank 84.7 percent to 1.41 …READ FULL ARTICLE