Japan's current account surplus plunges 96.1 pct to record low in August

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Japan's current account surplus plunges 96.1 pct to record low in August

STORY: Japan's current account surplus plunges 96.1 pct to record low in August DATELINE: Oct. 11, 2022 LENGTH: 00:01:12 LOCATION: Tokyo CATEGORY: ECONOMY SHOTLIST: 1. various of Tokyo STORYLINE: Japan's current account surplus plunged 96.1 percent from a year earlier to 58.9 billion yen (404 million U.S. dollars) in August, a record low for the month, the government said in a report on Tuesday. According to the Finance Ministry, the record monthly low booked for August was a result of a widening trade deficit as a persistently weak yen further inflated import costs. The ministry said in its preliminary report that the country's goods trade deficit stood at 2.49 trillion yen (17.07 billion dollars) with imports totaling 10.55 trillion (72.34 billion dollars), and exports reached 8.06 trillion yen (55.28 billion dollars) in the recording period. Japan's primary income, which reflects returns on investments made overseas, logged a surplus of 3.33 trillion yen (22.83 billion dollars), the largest since com

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