P/NULLADO
Japan’s existing account surplus more than halved to an eight-year low of 4. 85 trillion yen ($33 billion) in the first part of fiscal 2022, weighed down by a record industrial deficit through rising imports and a sharp drop in the yen. The Finance Ministry said on Wednesday.
The existing account surplus fell to a record in 2014, when emerging oil costs pushed Japan’s industry balance sheet into the red, according to initial insights from the ministry.
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