Japan Records First Current Account Deficit in Two Years Amid Rising Import Costs

Japan’s current account slipped into a deficit for the first time in two years, as a weaker yen drove up import costs and seasonal demand surged, according to data from the Ministry of Finance. In January, the country recorded a current account deficit of 257.6 billion yen (approximately $1.75 billion), exceeding market expectations of 230.5 … Continue reading Japan Records First Current Account Deficit in Two Years Amid Rising Import Costs