Japan current account surplus shrinks sharply due to weak yen and trade deficits
Japan's current account surplus fell sharply in December after a record rise the prior month. This is highlighting the impact of persistent trade deficits and a weak yen on the country's once-solid balance of payments. The yen's slide over the past year has bumped up the cost of imports, including commodities and oil that were already on the rise due to the Ukraine war, putting immense
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