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Ministry of Finance. (Mainichi)
TOKYO (Kyodo) — Japan posted a record-high current account surplus of 30.38 trillion yen ($208 billion) in fiscal 2024 through March, up 16.1 percent from the previous year, buoyed by its highest-ever returns on foreign investments, government data showed Monday.
Primary income, which reflects how much Japan earned from overseas investments, stood at 41.71 trillion yen, up 11.7 percent from a year earlier and marking a record high, the Finance Ministry said in a preliminary report.
Among other key components, the goods trade balance registered a deficit of 4.05 trillion yen, expanding 9.8 percent, with exports rising 4.1 percent to 106.24 trillion yen and imports increasing 4.3 percent to 110.29 trillion yen.
In March alone, the country logged a 3.68 trillion yen current account surplus, the ministry said.
The current account balance is one of the widest gauges of international trade.
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