Japan's May Current Account Rises On Export Gains

Published July 8th, 2009 - 03:52 GMT
Al Bawaba
Al Bawaba

Japan's Current Account Balance rose less than economist forecasts of 1206.1 billion Yen, to 1015.8 billion Yen in May. When adjusting for changes in the value of the currency abroad, imports fell 1.8% while exports rose 1.9%. Over the last 12 months, however, trade activity plummeted with both imports and exports declining about 43% each.