12 February 2002, 09:50 Major Japan Indicators This Week: Current Account
TOKYO (Dow Jones)--The following economic indicators are scheduled to be
released in Japan in the week from Feb. 11 to Feb. 15.
All consensus forecasts are from a survey of economists conducted by Dow
Jones Newswires and Nikkei News.
CURRENT ACCOUNT
The surplus of Japan's current account, the broadest measure of the nation's
trade with the rest of the world, is expected to stand at Y813.3 billion in
December before seasonal adjustment, 18.9% higher than Y684.3 billion in the
year-earlier month, according to a survey of economists by Dow Jones and
Nikkei.
"We estimate (the current account surplus) increased by 14% on year in
December, for the fourth (monthly) rise in a row," said Peter Morgan, chief
Japan economist at HSBC Securities (Japan) Ltd. in Tokyo.
Although the rising trend in Japan's current account surplus is likely to
have continued due to two fewer trading days in December 2001 compared to the
previous year, the widening in the current account surplus is expected to have
slowed, he added.
The current account measures trade in goods, services, tourism and investment
and is calculated by determining the difference between Japan's income from
foreign sources against payments on foreign obligations and excludes net
capital investment.
The Ministry of Finance will release the data at 2350 GMT Wednesday, which is
0850 in Japan Thursday.
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