Japan’s current account surplus plummeted by 54% in FY 2022 due to a record trade deficit resulting from surging import prices and a weaker yen, as per official data. The surplus fell to ¥9.23tn ($68.85bn), the lowest since 2014, while the deficit in goods trade widened to ¥18.06tn for the year. The deficit in services trade, including cargo shipping and passenger transportation, increased to ¥5.28tn as primary income surged by 22.6% to ¥35.56tn due to the yen’s weakness.
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Download File: https://iha.news/wp-content/uploads/2023/05/iha-japans-current-account-surplus-plummets-54-in-fy-2022-2023-05-12_11-31-58_284670.mp4?_=1Ukrainian President Volodymyr Zelensky arrived in Berlin for a surprise visit, meeting German Chancellor Friedrich Merz before joining an online conference with European leaders, including France, UK, Italy, Poland, Finland, and EU officials, to discuss Ukraine’s situation. A second call will include US President Donald Trump and Vice President James Vance ahead of the Trump-Putin meeting in Alaska. European leaders stressed that Ukraine must have a say in any peace process. Berlin deployed heavy security for the visit, closing streets, restricting metro access, and stationing mounted police and snipers around the Chancellery.
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