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Economy

Japan's current-account surplus to shrink 75% over 2 years: survey

Economists point to fossil fuel dependence, negative feedback from weak yen

Workers watch a liquefied natural gas tanker at a power plant south of Tokyo. Japan imports virtually all of its fossil fuels, and the recent commodities surge has been a major blow to its balance sheets.   © Reuters

TOKYO -- Economists expect Japan's current-account surplus for this fiscal year to plunge by roughly 75% from two years earlier, a Nikkei survey shows, weighed down by a weak yen and the country's dependence on expensive fossil fuels.

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