Economics
Japan Official Says Current Account Surplus Due to Investment
Gantry cranes stand over container ships berthed at a shipping terminal in Yokohama, Japan.
Photographer: Akio Kon/BloombergThis article is for subscribers only.
Japan’s top currency official said the nation’s current account surplus is a result of investments abroad rather than the exchange of goods, and it shouldn’t become a trade issue.
It’s not uncommon for Japan’s savings to grow because of its aging population, Masatsugu Asakawa, vice finance minister of international affairs, said at a conference in Tokyo.