| Japan May current account surplus falls 19.5 pct |
| 送交者: MikeCa 2005年07月13日13:26:52 於 [股市財經] 發送悄悄話 |
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Japan May current account surplus falls 19.5 pct yr-on-yr, but beats forecast
Analysts expected a surplus of 1.25 trln yen, according to the average in in a Nihon Keizai Shimbun survey of 19 brokerages and research houses. All 19 forecast declines from the May 2004 figure of 1.71 trln yen, with the estimates ranging from 1.15 trln to 1.43 trln yen The trade surplus plummeted 57.4 pct to 474.3 bln yen, as exports rose 1.7 pct to 4.58 trln yen while imports surged 21.2 pct to 4.10 trln yen The goods and services account registered a surplus of 295.8 bln yen, down a sharp 66.2 pct from a year earlier But the services account deficit narrowed to 178.5 bln yen from 238.6 bln yen a year earlier The capital and financial account, which measures international fund flows, registered an outflow of 1.03 trln yen in May, against an outflow of 1.31 trln yen a year earlier The current account is the widest measure of a country's financial performance on an international basis, as it includes both trade in goods and services as well as investment fund flows and some government payments The decline in Japan's current account surplus has stirred concern that the Japanese economic recovery was in danger of faltering because of a sharp slowdown in export growth Japan's trade surplus narrowed over three consecutive quarters through March, pushing the world's second-largest economy into a shallow and brief recession over the final six months of 2004 and limiting growth in the first quarter of this year Instead a pick-up in consumer spending, steadily expanding corporate investment spending and increased inventories combined to fuel a real, annualized growth rate of 4.9 pct in the January-March quarter, the strongest growth in a year. (1 usd = 110.96 yen)
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