TOKYO – Japan's current account surplus in April plummeted 84.2 percent from a year earlier as exports and spending by foreign visitors were lost to the Kovi-19 pandemic, government data showed on Monday. .
The current account, one of the largest measures of international trade, stood at 262.7 billion yen ($ 2.4 billion), a 70-month surplus, but the smallest since January 2017, according to the report. Preliminary published by the Ministry of Finance.
Exports fell 23.0 percent to 4.91 trillion yen as demand for cars and auto parts from the United States plummeted due to the Kovi-19 outbreak.
Imports fell 9.5 percent to 5.88 trillion yen as a result of falling crude oil and other energy costs.
By Chhouk Bora