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M. Continuo

Japan logs record current account deficit in December


    TOKYO (Reuters) - Japan's current account logged a record deficit for December, Ministry of Finance data showed on Monday, as a weak yen inflated the cost of energy imports.

    The deficit stood at 638.6 billion yen ($6.25 billion), against a median forecast for 707.7 billion yen.

    For 2013, Japan's current account recorded a 3.3 trillion yen surplus, the data showed. This was the smallest surplus in comparable data available from 1985.

    (Reporting by Stanley White; Editing by Dominic Lau and Edmund Klamann)