Japan current-account surplus down for 2nd month

Japan's current-account surplus shrank for the second straight month in September, as rising crude oil prices drove up the trade deficit.

The Finance Ministry says the surplus came to 1.03 trillion yen, or about 9.1 billion dollars.
That's down from September last year in yen terms by 31 percent.

The main factor was the trade deficit of 2 billion dollars. Imports swelled because of the higher crude prices.
Auto exports also fell as the coronavirus disrupted the supply of parts from Southeast Asia.

Meanwhile, soaring stock prices pushed up the primary-income surplus to about 15.5 billion dollars. The figure includes proceeds from securities investments abroad.