Japan's November Current Account Surplus Rises 21.5%

Japan's current account surplus expanded 21.5% from a year earlier in November, the Finance Ministry said Wednesday, highlighting a healthy demand overseas for Japanese exports.

The surplus in the current account, the broadest measure of Japan's trade with the rest of the world, stood at 1.756 trillion yen (US$14.6 billion) in November before seasonal adjustment, according to ministry data.

The surplus expanded less than the 27 percent rise expected by economists surveyed. The November figure marks a fifth straight month of expansion, following a 5.2% rise in October.

The current account measures trade in goods, services, tourism and investment. It is calculated by determining the difference between Japan's income from foreign sources against payments on foreign obligations and excludes net capital investment.