TOKYO, Dec. 9 (Xinhua) -- Japan recorded a current account surplus of 2.46 trillion yen (about 16.4 billion U.S. dollars) in October, marking the 21st consecutive month of surplus, according to preliminary data released by the Ministry of Finance on Monday.

The main driver of the surplus was record-high income from overseas investments, supported by the weaker yen and rising global interest rates.

The primary income balance, which includes dividends from foreign subsidiaries and interest on bonds, reached 3.25 trillion yen, the highest figure for October since comparable records began in 1985.

However, the trade balance posted a deficit of 155.7 billion yen, though the gap was smaller than the same period in 2023 due to a rise in exports, particularly of semiconductor manufacturing equipment.

The services account shifted to a 159 billion yen of deficit, attributed to a drop in royalty income from intellectual property in the chemical and pharmaceutical sectors, despite strong travel revenue driven by record-breaking inbound tourism for the month. (1 U.S. dollar equals 150 yen) Enditem

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