Japan has record current account surplus in November

Japan has reported its biggest-ever current account surplus for November. The figure was pushed up by returns from investments abroad.

Preliminary figures from the Finance Ministry show the surplus was 1.8 trillion yen, or about 14 billion dollars.
The current account is a key gauge of Japan's trade and investment with the rest of the world.

The trade balance remained in the red. The deficit was about 12 billion dollars mainly due to higher costs to import energy resources such as coal and crude oil.

The big difference came from the primary income surplus. It widened from a year earlier to about 28 billion dollars.
The figure shows interest and dividends from overseas security investments.

Japanese automakers, trading houses and shipping companies in particular saw their dividends at subsidiaries increase.

As a result, the surplus in the primary income account made up for the trade deficit.