Japan’s current-account surplus unexpectedly shrank to a record low for an August, underscoring drags on the economy as Prime Minister Shinzo Abe tries to drive an exit from 15 years of deflation. Bank of Japan last week refrained from adding to unprecedented monetary stimulus after business confidence surged and Abe decided the economy was strong enough to weather a sales-tax increase. Governor Haruhiko Kuroda’s board retained a goal of expanding the monetary base by 60 trillion to 70 trillion yen ($720 billion) a year.
Posted on: Tue, 08 Oct 2013 09:09:32 +0000
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