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Japan's current account surplus drops 15.7% on year in Nov

时间:2011-01-12 08:33:23

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(单词翻译)

    TOKYO, Jan. 12 (Xinhua) -- Japan's current account surplus(顺差) fell 15.7 percent in November from a year earlier, the Ministry1 of Finance said Wednesday.
    The nation's current account surplus in the recording2 period stood at 926.2 billion yen3 (11.12 billion U.S. dollars), the ministry said.
    Additionally, the ministry noted4 that the balance of trade in goods and services logged a surplus of 160.4 billion yen (1.92 billion U.S. dollars) in November, a drop of 63.6 percent.
    The balance of trade is the difference between Japan's exports of goods and services and its imports of goods and services, if all financial(金融) transfers, investments and other components5 are ignored.
    Japan's current account balance is one of the major gauges6 of the nature of Japan's foreign trade and a current account surplus increases Japan's net foreign assets by the corresponding amount, and a current account deficit7 does the reverse.
    Both government and private payments are included in the calculation.(本文由在线英语听力室整理编辑)


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