Japan’s current account surplus expands to record Y2.38 trillion in August

The surplus in the primary income account, which reflects how much Japan earns from foreign investments, rose 13.0 percent from the year before to ¥2.24 trillion, the Finance Ministry said in a preliminary report.

The current account logged a surplus for the 38th straight month in August. The yen’s depreciation against the dollar was one key factor boosting income from foreign investment, a ministry official said.

The dollar averaged ¥109.91 in August, higher than ¥101.27 the previous year, while the euro traded at ¥129.84, compared with ¥113.54 the year before.

Among other key components in the current account, goods trade registered a surplus of ¥318.7 billion – up 46.2 percent.

Robust shipments of cars, auto parts and electronic components helped Japan’s trade surplus, which narrowed slightly from rising energy imports.

Exports jumped 16.3 percent year on year to ¥6.17 trillion and imports gained 15.1 percent in the same period to ¥5.85 trillion.

The current account surplus expanded to ¥2.38 trillion ($21 billion) in August – the highest on record for the month – lifted by foreign investments and a bigger trade surplus, government data showed Tuesday. (Japan Times)

A court on Tuesday ordered the state and the operator of the crippled Fukushima No. 1 atomic plant to pay a total of about ¥500 million in damages for the 2011 nuclear disaster, the second ruling of its kind in a series of group lawsuits filed nationwide. (Japan Times)

Tokyo Metropolitan Police have arrested a member of a quasi-criminal syndicate over the alleged confinement and attempted extortion of a boy in Toshima Ward earlier this year, reports TBS News (tokyoreporter.com)

A post made on social media resulted in the arrest of three members of a bosozoku biker gang for riding recklessly on a highway in the southern part of the prefecture earlier this year, reports the Asahi Shimbun (tokyoreporter.com)

Kabuki actor Ichikawa Ennosuke broke his left arm at a Tokyo theater on Monday, right after his performance of an episode themed on “One Piece,” a blockbuster Japanese manga and anime series. (Jiji)

The police department of Kanagawa Prefecture served a fresh arrest warrant on Tuesday to a 37-year-old man imprisoned for an indiscriminate assault, for the alleged random killing of a woman in the city of Kawasaki in the eastern Japan prefecture 11 years ago. (Jiji)

Japan’s space agency has successfully launched a fourth and last satellite for its own version of a global positioning system. (NHK)

The most modern and advanced country in the world? Well, Japan is certainly at the top, but it wasn’t always that way. Before the Meiji Restoration (1868) Japan was closed to the outside world. Before 1868, it was the time of the samurai and feudal society. (ONLY in JAPAN)

Political candidates and party officials across Japan are filing paperwork and launching their campaigns for the Lower House election scheduled for October 22nd. (NHK)

Cryptocurrencies are viewed by many as the currency of the future – and they are already experiencing a rising popularity among users and traders, who have become more and more familiar with the concept over time. (newsonjapan.com)

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