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Japan's current account surplus rises for second month

Updated:2009-11-11 11:50:01

The current account surplus in Japan rose in September based on year on year comparisons for the second consecutive month, reaching 1.5679 trillion yen (17.5 billion dollars), according to statistics released by the finance ministry on Tuesday.

The news is the latest sign that the Japanese economy is beginning to make hesitant steps toward a recovery after a year of troubles that started after the credit crisis sent the economy on a downward spiral.

Japan's exports and imports also narrowed their decline when compared to the previous month. Exports fell 32.1 percent, compared with a 37.1 percent drop in August, and imports fell 37.7percent, compared with a 42.8 percent drop in the previous month.

September marked the first time that the current account surplus has risen since January and February in 2008.

 

 

Source:http://news.xinhuanet.com

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