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Economy

Japan's surplus, targeted by Trump, surges

Cheaper oil, more visitors contribute to second-highest current account figure ever

Foreign visitors' spending contributed to Japan's travel surplus.

TOKYO -- Japan's current account surplus jumped 25.8% in 2016 to a nine-year high of 20.64 trillion yen ($184 billion) thanks to cheaper prices for imported oil and an increase in foreign visitors, data released on Wednesday by the Ministry of Finance showed. The surplus is the second-highest ever and could add fuel to criticism from U.S. President Donald Trump, who is keen to shrink America's external trade deficit.

The current account is the sum of the balance of trade in goods, services, primary income and secondary income.

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