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Japanese Firms Making More Money Overseas

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Japanese Firms Making More Money Overseas

by CFO Innovation Asia Staff, 10 December 2010
topics:
Finance and Banking
tags:
trade trade surplus
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Japan's current account surplus increased 2.9% in October from a year earlier to ¥1.436 trillion, suggesting firms earned more abroad amid a recovery in the global economy, says a Kyodo News article published by the Japan Times.

 

Citing the Finance Ministry, Kyodo notes the income account, which covers such items as income from investments in foreign securities, registered a surplus of ¥883.2 billion, up 3.9% for the third straight monthly rise on robust earnings by foreign subsidiaries of domestic firms.

 

The balance of trade in goods and services logged a surplus of ¥638.4 billion, up 4.4%.

 

 

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Firms earning more abroad
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