Japan’s current account surplus narrowed to the lowest level in five years in June as exports took a hit due to the coronavirus-induced destruction of global demand conditions. The current account surplus was JPY 167.5 billion ($1.58 billion), the smallest monthly surplus since January 2015, a finance ministry official said on Tuesday, according to Reuters. While the actual figure bettered the median forecast for a JPY 110 billion surplus, it marked a significant deterioration from a JPY 1.177 trillion surplus in May. The current account has posted monthly surpluses for six straight years. Exports plunged 25.7% in June from a year ago, having declined by 28.9% in May, while imports dropped an annual 14.4%, following a 27.7% annual fall in May. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next IOTA Market Update: Team releases the IOTA 2.0 progress updates, IOT/USD strings together six straight bullish days FX Street 2 years Japan's current account surplus narrowed to the lowest level in five years in June as exports took a hit due to the coronavirus-induced destruction of global demand conditions. The current account surplus was JPY 167.5 billion ($1.58 billion), the smallest monthly surplus since January 2015, a finance ministry official said on Tuesday, according to Reuters. While the actual figure bettered the median forecast for a JPY 110 billion surplus, it marked a significant deterioration from a JPY 1.177 trillion surplus in May. The current account has posted monthly surpluses for six straight years. Exports plunged 25.7% in June… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
