world-economy

Japan's Current Account Surplus Hits Record High as Trade Surplus Widens

Japan's current account surplus reached an all-time peak in March, driven by expanding trade and income surpluses. Analysts cautioned that elevated oil prices could moderate the surplus in coming months. Meanwhile, Canada swung to a trade surplus for the first time in six months as gold and oil exports surged. An Iran war drove up global uncertainty and boosted commodity prices. These divergent trajectories underscore how energy markets reshape current accounts across major trading blocs, with implications for currency valuations and central bank policy responses.