OTHER NEWS - Feb. 6, 1993
Japan’s Trade Surplus Surges: Japan’s gaping current account surplus jumped 61% to a record $117.62 billion in 1992, the government said, a rise certain to spark mounting disputes with U.S. and European trade partners. The Ministry of Finance said the surplus in the current account--Japan’s broadest measure of trade in goods and services--rose from $72.90 billion in 1991 and topped the previous record of $87.02 billion set in 1987. The trade component of the nation’s balance of payments rose to a record $132.60 billion surplus in 1992 from the previous high of $103.04 billion a year earlier, the ministry said.
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