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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