HTH -- Haiti Earthquake

May 12, 2011. Current account surplus falls by 34.3% in March 2011 in Japan

SOURCE: Altegrity Risk International

In another demonstration of the impact of the March 2011 earthquake and tsunami on Japan's economy, the country's current account surplus fell by 34.3% in March 2011 compared to March 2010, reports said on May 12th. The drop was deeper than forecasted, with a number of economist predicting a 31.3% fall. The current account surplus stood at 1.68 trillion yen (US$20.7 billion) in Marcy 2011. Analysts claimed that damaged factory output, disrupted supply chains, and threatened electricity supplies led to greater imports and lower exports.