Exports contribute Japan’s current account
Japan's current account surplus rose 2.6 percent year on year in October as overseas investment income climbed and demand for exports of autos and steel rose.
Japan's Ministry of Finance disclosed that the country's current account surplus amounted to Yen 1.38 trillion ($11.4 billion) in October.
Japanese companies such as auto-parts maker Denso Corporation and Nippon Steel Corporation are increasing shipments due to the sustained growth in the US and
China, which are the nation's two largest markets.
Japan's exports rose 8 percent year on year to Yen 5.6 trillion ($46 billion) in October. Auto exports increased 13.8 percent and steel shipments rose 17 percent.