Japan current account moves to surplus, strengthening yen
World BusinessApr 9, 2012
Japan swung to a current-account surplus in February after a record deficit in January, lending support to a currency that officials have sought to weaken to spur the recovery of the world’s third-biggest economy. The excess in the widest measure of trade was 1.18 trillion yen ($14.5 billion) the Ministry of Finance said in Tokyo Monday. The median estimate of 25 economists surveyed by Bloomberg News was for a surplus of 1.12 trillion yen. The yen is rebounding even after interventions by the fi