Japan logs record 25.34 tril. yen current account surplus for FY 2023

Japan posted its biggest current account surplus of 25.34 trillion yen ($163 billion) in fiscal 2023, buoyed by record foreign investment returns and a sharp drop in its trade deficit on robust auto exports, government data showed Friday.A revival of inbound tourism also lifted the country's travel surplus to its highest level, helping boost last fiscal year's surplus, as the weaker yen made travel to and shopping in Japan cheaper for foreign visitors.Primary income, which reflects returns on foreign investment, totaled 35.53 trillion yen, up 0.6 percent from the previous year, boosted by h…READ FULL ARTICLE