Tokyo (EFE).- Japan recorded a current account surplus of 2.20 trillion yen (about 15.2 billion euros) in February, recovering after the negative balance of the previous month, the Government reported today.
The figure continues in line with the surplus recorded a year earlier and contrasts with the deficit of 1.9 million yen (13.2 billion euros) last January, according to data published by the Japanese Ministry of Finance.
The Japanese trade balance had a deficit of 604,100 million yen (4,180 million euros), double that of the second month of the previous year.
Japanese exports increased in the second month of this 2023 by 4.5% year-on-year, to 7.64 trillion yen (52,906 million euros), while imports grew by 9.8%, to 8.24 trillion yen (57,087 million euros).
The services balance recorded a deficit of 220.4 billion yen (1.53 billion euros), an increase of 3.7% year-on-year.
The income account registered a positive balance of 344,070 million yen (2,381 million euros), 18.6% more year-on-year and 19.1% more compared to a month before.
Transfers registered a deficit of 419,000 million yen (2,900 million euros) in February, which is 70.6% more than in the same month of 2022 and marks an increase of 145% month-on-month.
The balance of payments reflects payments and income from foreign exchanges of goods, services, income and transfers, and is considered one of the broadest commercial indicators of a country.