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Japan Has Y2.258 Trillion Current Account Surplus In April
(RTTNews) - Japan posted a current account surplus of 2.258 trillion yen in April, the Ministry of Finance said on Monday.
That was shy of expectations for a surplus of 2.560 trillion yen and was down from 3.678 trillion yen in March.
Exports were up 4.0 percent on year at 8.769 trillion yen and imports slipped an annual 2.9 percent to 8.801 trillion yen for a trade deficit of 32.8 billion yen.
The capital account showed a deficit of 25.0 billion yen, while the financial account saw a surplus of 2.511 trillion yen.
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Bank Of Japan Keeps Rate On Hold; Lifts Inflation Forecast On Rising Food Prices
The Bank of Japan maintained its interest rate but lifted its inflation outlook due to rising food prices, which had added expectations of an rate hike as soon as in October.
The policy board unanimously decided to hold the uncollateralized overnight call rate to remain at around 0.5 percent.
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14 days ago
