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South Korea Has $2.68 Billion Current Account Surplus
(RTTNews) - South Korea had a current account surplus of $2.68 billion in December, the Bank of Korea said on Wednesday - following the $0.22 billion shortfall in November.
The goods account saw a $0.48 billion deficit, down from the $4.43 billion surplus a year earlier.
The services account deficit increased to $1.39 billion, from $0.76 billion in December the year prior, owing to a decrease in the transport account surplus.
For all of 2022, the current account surplus was $29.83 billion, following the $85.23 billion surplus in 2021.
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Japan GDP Slips 0.2% On Quarter In Q1
The Japanese economy contracted a seasonally adjusted 0.2 percent on quarter in the first quarter of 2025, the Cabinet Office said on Friday - missing expectations for a decline of 0.1 percent following the 0.6 percent gain in the three months prior.
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Japan Producer Prices Rise 0.2% In April
Producer prices in Japan were up 0.2 percent on month in April, the Bank of Japan said on Wednesday - slowing from 0.4 percent in March.
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Japan Jobless Rate Ticks Up To 2.5% In March
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Bank Of Japan Retains Rate As Expected; Cuts Growth Outlook Amid Tariff Uncertainty
The Bank of Japan left its interest rate unchanged for the second consecutive meeting on Thursday, and downgraded its growth projections citing trade tariff threats. The policy board decided, by a unanimous vote, to hold the uncollateralized overnight call rate to remain at around 0.50 percent. This was the highest level since the global financial crisis in 2008.
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