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Japan’s current account surplus widened in December as the global recovery boosted demand, underpinning the wealth that supports the nation’s debt burden.
The gap expanded 30.5 percent from a year earlier to 1.195 trillion yen ($14.5 billion), the Finance Ministry said in Tokyo Monday. The median estimate of 25 economists surveyed by Bloomberg News was for a surplus of 1.13 trillion yen.
Increased demand for exports is supporting an economy analysts expect to rebound this quarter after probably shrinking in the final three months of 2010.
(Bloomberg)
The gap expanded 30.5 percent from a year earlier to 1.195 trillion yen ($14.5 billion), the Finance Ministry said in Tokyo Monday. The median estimate of 25 economists surveyed by Bloomberg News was for a surplus of 1.13 trillion yen.
Increased demand for exports is supporting an economy analysts expect to rebound this quarter after probably shrinking in the final three months of 2010.
(Bloomberg)
