Japan: Japan recorded a current account surplus for the seventh consecutive month in August, driven mainly by lower prices of energy imports such as crude oil and natural gas. Preliminary data from the Ministry of Finance showed a surplus of 3.77 trillion yen (about $25 billion).
According to Qatar News Agency, the current account, a key indicator of a nation’s trade and investment flows with the rest of the world, remained in positive territory but fell 4.8% from a year earlier. The decline was largely attributed to a drop in the primary income surplus, reflecting lower dividends from overseas subsidiaries of Japanese financial and automotive companies compared with last year.