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Japan Reported Larger than Expected Currency Account Surplus - BBH
Research Team at BBH, notes that Japan did report a larger than expected February currency account surplus.
Key Quotes
“It
rose to JPY2.435 trillion, the most since March 2015, from JPY520 bln
in January. The consensus was for JPY2.032 trillion. To be clear, the
driving force was not the trade component. The JPY425.2 bln trade
surplus was actually a little smaller than the consensus expected. The
investment income surplus was JPY 2 trillion.”
(Market News Provided by FXstreet)
