Monday, October 20, 2008

Japan's current account surplus halves in August

Asia's largest economy posted a surplus of 988.8 billion yen (9.7 billion dollars) in its current account, the broadest measure of trade in goods and services, down 52.5 percent from a year earlier.
Japan's economy suffered its worst contraction in seven years in the second quarter of this year and there are fears that it is now in a recession.

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