Japan's Trade Surplus Plunges 90 Percent in January Wednesday, March 14 8:00 AM SGT

Japan's current account surplus plunges 59.7 percent in January TOKYO, March 14 (AFP) - Japan's current account surplus in January plunged 59.7 percent from a year earlier to 249.6 billion yen (2.1 billion dollars), the finance ministry said Wednesday.

The trade surplus in the month nosedived a staggering 89.9 percent to 64.8 billion yen, with exports rising 2.9 percent to 3,467.6 billion yen and imports gaining a robust 24.8 percent to 3,402.7 billion yen.

The current account surplus measures the flow of goods, services and ivestment income, and other financial transfers. http://asia.dailynews.yahoo.com/headlines/business/article.html?s=asia/headlines/010314/business/afp/Japan_s_current_account_surplus_plunges_59.7_percent_in_January.html

-- Carl Jenkins (somewherepress@aol.com), March 14, 2001