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At the same time, the current accounts surplus for June was $1.04 billion, less than half the $2.16 billion surplus in May.
Perhaps more troubling for an export-driven economy, the central bank reported last week that the current accounts surplus had dropped by more than 50percentt last year, to less than $12 billion.
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Forecasts of the current account surplus diverge.
The current account surplus reached a new high last year.
It is larger than the current account surplus of China.
In 1999, the current account surplus dropped 16.8percentt.
Japan's current account surplus grew 34percentt in November from the month a year ago, the fifth straight increase.
Japan's current account surplus contracted 27percentt because of weakening exports.
Japan's current account surplus grew 38percentt in September from a year earlier, helped by strong exports.
Thankfully, China has deep pockets, running a huge current account surplus.
Holland's national debt is modest and it has a current account surplus.
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