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Japan 2016 current account surplus hits pre-Lehman levels

Country logs third-largest figure ever of 20.2 trillion yen

A cargo ship sits at a shipping container area at Yokohama Bay, south of Tokyo.

TOKYO -- Japan's current account surplus for fiscal 2016 soared to pre-Lehman shock levels, backed by steady exports to Asia and a fall in crude oil prices.

Finance ministry data showed Thursday that Japan logged a current account surplus of 20.2 trillion yen ($176.9 billion) in the year ended March 31, a 13.1% increase from the previous year and the highest since 2007.

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