Japan’s Current Account Surplus Hit Record High in March

Japan’s current account surplus rose to the highest on record, supported by a widening trade and income surplus, with higher oil prices expected to push it lower in coming months.

Data on the nation’s balance of payments with the rest of world showed that the surplus climbed in March to ¥4.7 trillion ($29.8 billion), up 29.1% from a year earlier, according to the Finance Ministry Wednesday.