Unstoppable outflow of funds, and the exceeding of overseas investment are at the highest pace in history.

September 11, 2024, 8:45 AM GMT+9 (excerpt)

Japan's current account surplus in July reached a record high of 3.2 trillion yen, the highest ever recorded for July. However, the surplus continues to be predominantly driven by the primary income account surplus, which recorded a surplus of 4.4 trillion yen in July, reaching the highest surplus amount for a single month. As often mentioned, a significant portion of this primary income surplus is believed to be reinvested overseas instead of returning to Japan, which may not be a factor contributing to yen appreciation despite the surplus.