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Japan: Current account surplus going down – BBH

FXStreet (Delhi) – Research Team at BBH, notes that the Japan reported a smaller than expected current account surplus for September (JPY1.47 trln vs. expectations for JPY2.27 trln).

Key Quotes

“Although trade and income from investors are the two dominant items, what caught our eye was the 47% year-over-year increase in tourism (record 1.6 mln in September) which helps reduce Japan's service deficit. The increased tourism may also force an opening up of Japan that officials will likely welcome as preparation for the 2020 Olympics gets under way.”

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