Despite the devastating effects of the Covid-19 pandemic, Japan recorded a current account surplus of 1.18 trillion yen (EUR 9.2 billion) in October, down 39.4% from the same period a year earlier.

According to the Japanese government's announcement, this is the 86th consecutive month of positive balance for this indicator and represents an increase of 14.2% over the September figure.

According to data released today, by Japan's Ministry of Finance, the Japanese trade balance recorded a surplus of 166.7 billion yen (1.3 billion euros), down 82.5% from the same period last year.

"Exports increased 11.7% year-on-year to 7.08 trillion yen (€69.1 billion), and imports increased 28.3% to 6.91 trillion yen (€54 billion)," the Japanese government said.

Meanwhile, the balance of services posted a negative balance of 575.4 billion yen (4.4 billion euros), up 58.1% from the same month a year earlier, while, transfers recorded a capital outflow of 191.5 billion yen (1.4 billion euros), down 18.2% from a year earlier.