JPY: Current account surplus expected to rise by JPY530 bln - BBH

Research Team at BBH, suggests that the Japan’s current account for March may not help Finance Minister Aso’s press for a weaker yen at the G7 meeting later this month.

Key Quotes

“The March current account surplus is often larger than the February surplus, but the expected increase will lift to it near record highs. It is expected to rise by JPY530 bln to JPY2.965 trillion. The trade surplus does not drive the current account surplus; investment income does. However, the trade surplus is expected to double (month-over-month) to JPY906 bln.”