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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Israeli Foreign Minister Gideon Saar was met with protests in Berlin during talks with German Foreign Minister Johann Wadephul. Demonstrators from human rights and civil society groups gathered outside the Foreign Ministry, denouncing Israel’s actions in Gaza and demanding Germany halt arms sales to Israel. Protesters accused Saar of war crimes and criticized Germany for its continued military support, chanting slogans like “Stop the genocide” and “Germany finances, Israel bombs.” Despite the protest, Wadephul reiterated Germany’s commitment to supplying arms to Israel.