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Wednesday, August 8, 2012

Japan current-account surplus doubles.

 Japan's current-account surplus surged to ¥433.3B ($5.5B) in June from ¥215.1B in May and topped consensus of ¥415.4B, helped by falling oil prices. The trade portion swung to a surplus of ¥112B from a deficit of ¥848.2B. The figures could ease worries that Japan will need foreign financing to service its massive debt.

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