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Japan's current account surplus reaches its smallest level on record in the fiscal year that ended in March. Prime Minister Shinzo Abe's efforts to stimulate growth through exports face challenges due to structural changes in the economy. The surplus of ¥789.9 billion ($7.76 billion) is significantly lower than the previous year's ¥4.2 trillion. Dependent on fossil fuel imports and faced with expensive imports, Japan's exports have not seen the anticipated boost despite weakened yen.
Saturday, 10 May, 2014