Japan logs current account surplus in Jan. on jump in exports to China

Japan posted a current account surplus of 941.6 billion yen ($5.9 billion) in January, in a turnaround from a deficit a year earlier, as a jump in exports, mainly to China, helped shrink the trade deficit, the Finance Ministry said Monday.Primary income, including dividends and interest earnings from overseas investments, fell 22.2 percent to 2.75 trillion yen, the ministry said in a preliminary report.The goods trade recorded a deficit of 600.4 billion yen, plunging 79.5 percent from the year before.Exports jumped 20.3 percent to 9.04 trillion yen, while imports fell 7.7 percent to 9.64 tr…READ FULL ARTICLE