Japan’s current account surplus shrank 55.6% in April from a year earlier to ¥501.1 billion ($3.8 billion), government data showed Wednesday, as imports grew to their highest level in more than 20 years on soaring energy costs due to Russia’s invasion of Ukraine.
The current account balance, one of the widest gauges of international trade, remained in the black for the third consecutive month, the Finance Ministry said in a preliminary report. But the goods trade balance dipped into the red with a deficit of ¥688.4 billion on the increased imports.
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