Japan's current account surplus more than doubled year-on-year in May, in a fourth straight month of gains, as the country's trade deficit narrowed and income gains from its overseas investment expanded, Ministry of Finance data showed on Monday.
The current account surplus reached 1.86 trillion yen in May, compared with 773 billion yen in the same month a year earlier and just short of economists' median forecast for a surplus of 1.88 trillion yen in a Reuters poll.
The primary income surplus hit 3.6 trillion yen, up from 3.1 trillion yen in the same month a year earlier, resulting in an overall surplus for a fourth straight month.
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