Japan recorded a current account deficit in June ?for the first time in 17 months, ?data from the finance ministry showed on Monday, as robust investment in domestic markets from overseas ?investors boosted the size of dividend payouts.
Japan posts first current account deficit in 17 months
TOKYO, Aug 10 (WAM/APP):Japan recorded a current account deficit in June ?for the first time in 17 months, ?data from the finance ministry showed on Monday, as robust investment in domestic markets from overseas ?investors boosted the size of dividend payouts.
The ?deficit in the current account stood at ?92.3 billion yen ($584.51 million) in June.
The net balance for primary income from ?securities and direct investment, usually the biggest driver of Japan’s ?current ?account surplus, shrank by 74 percent to 380 billion yen due to larger dividend payouts from Japanese companies to foreign investors.
For the first half of ?this ?year, however, Japan’s current account surplus rose by 22.5 percent to a record 17.4 trillion yen, ?thanks ?to a trade surplus ?driven by strong exports of semiconductors for AI dater centers.
