Blow for Japan as export levels tumble; ECONOMY TODAY: ECONOMY.JAPAN'S current account surplus in July July: see month. fell 19.4% from a year earlier as exports tumbled amid a slowing recovery in the global economy, the finance ministry said yesterday. The current account surplus, Japan's broadest measure of trade with the rest of the world, was 1.27 trillion One thousand times one billion, which is 1, followed by 12 zeros, or 10 to the 12th power. See space/time. (mathematics) trillion - In Britain, France, and Germany, 10^18 or a million cubed. In the USA and Canada, 10^12. yen (US$13.6bn), the first year-on-year fall in two months, the ministry said. Exports in July dropped 37.6% to 4.55 trillion yen, marking the 10th consecutive year-on-year decline. "Sluggish exports dragged down the surplus. |
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