Medical and Hospital News  
TRADE WARS
Japan's six-month current account surplus quadruples
by Staff Writers
Tokyo (AFP) Nov 10, 2015


Japan said Tuesday its current account surplus more than quadrupled in the six months to September thanks to an improving trade picture and buoyant returns on the country's investments abroad.

The 8.7 trillion yen ($70.7 billion) figure for April-September -- the first half of the fiscal year -- was well up from the 2.0 trillion yen a year earlier, according to official data.

Japanese Prime Minister Shinzo Abe came to power nearly three years ago with a mandate to rejuvenate the world's third-largest economy and end years of deflation-fuelled lethargy.

But his signature "Abenomics" policies centred on aggressive monetary easing, government spending and structural reforms have achieved mixed results so far.

Japan's current account is the broadest measure of its trade with the rest of the world, including both goods and services, tourism and returns on foreign investment.

In September alone, the nation's current account surplus surged by 50.1 percent from a year earlier to 1.5 trillion yen, the 15th consecutive year-on-year gain, the finance ministry said.

The data comes after the ministry said Japan's trade deficit shrank more than 80 percent in September due to a slump in the value of energy imports.

"Returns on Japanese investment overseas are expected to continue growing for now, which have sustained the upward trend of its current account surplus," said Yasunari Ueno, chief market economist at Mizuho Securities.

"Declines in energy prices will also continue contributing to its surplus, but a slowdown in the Chinese and emerging economies will remain as a negative factor," Ueno told AFP.

Japan's trade balance had been wallowing in the red owing to its heavy dependence on importing fossil fuels to generate electricity after it shut its stable of nuclear reactors in response to the 2011 tsunami-sparked Fukushima atomic accident.


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


.


Related Links
Global Trade News






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

Previous Report
TRADE WARS
Record China trade surplus highlights struggle to boost demand
Beijing (AFP) Nov 8, 2015
China recorded its highest trade surplus on record last month, official data showed Sunday, as plunging imports highlighted the country's continued struggle to boost domestic demand and prop up sagging growth. The disappointing figures show how Beijing is struggling to keep the world's second-largest economy on the rails and add to mounting evidence China could be heading for a hard landing. ... read more


TRADE WARS
Italy's painstaking bid to identify shipwrecked migrants

Painfully slow rebuild after Philippine super typhoon

Africa's Lake Chad could fuel new migrant crisis: UN

Egypt's Sisi calls for NATO help in Libya 'vacuum'

TRADE WARS
Orbital ATK products enable improved global positioning on Earth

Galileo pair preparing for December launch

GPS IIF satellite successfully launched from Cape Canaveral

U.S. Air Force prepares to launch next GPS IIF satellite

TRADE WARS
Early proto-porcelain from China likely made from local materials

Environment and climate helped shape varied evolution of human languages

Divisive religious beliefs humanity's biggest challenge: Grayling

Predicting the human genome using evolution

TRADE WARS
Tanzanian police arrest four Chinese with 11 rhino horns

Ice-age lesson: Large mammals need room to roam

Ancient long-extinct amphibians discovered in Brazil

Virginia Tech chickens help reveal that evolution moves quicker than previously thought

TRADE WARS
Over 230,000 vaccinated in Iraq anti-cholera campaign

What ever happened to West Nile virus

Ebola: The epidemic's timeline

France to lift ban on gay men giving blood

TRADE WARS
China artist comes out... as French

The loneliness of China's long-serving enforcers

China's 'leftover women' fight back: Fincher

Dark lives of China's 'black children'

TRADE WARS
Villagers recall fear as troops fired in 'Chapo' raid

Chinese 'thief' swallowed diamond, tried to flee Thailand

Army's role questioned in missing Mexican students case

TRADE WARS
Weak China inflation stokes fears over slowing demand

China gives currency largest boost in a decade

Japan Post soars, HK-Shenzhen connect boosts stocks

China's Xi says 6.5% growth enough to meet goals: Xinhua









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.