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It is calculated by determining the difference between Japan's income from foreign sources against payments on foreign obligations.
BIG INCREASE IN IMPORTS 40,000,000 Pesos in Treasury, He Says, and Is Optimistic on Foreign Obligations.
The current account surplus, the difference between Japan's income from foreign sources and its payments on foreign obligations, decreased to 775 billion yen ($6.5 billion) in July, the Finance Ministry said.
The current account surplus, the difference between Japan's income from foreign sources and payments on foreign obligations, decreased to 12.07 trillion yen $98.6 billionn) in the year ended March 31 from fiscal 1999, the Finance Ministry said.
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Archives|MEXICO ALLOWS FOR DEBT.; Budget for 1925 Includes Sum of $20,418,000 for Foreign Obligations.
MEXICO ALLOWS FOR DEBT.; Budget for 1925 Includes Sum of $20,418,000 for Foreign Obligations.
After decades of paying their foreign obligations in full and on time, some Soviet companies are having difficulty making payments on contracts with Western suppliers, according to West German bankers and businessmen.
The obvious portent of the default on foreign debt obligations is then used to argue in favour of restricting government spending.
The nation's net foreign obligations, which include debt and the claim on American profits by foreign investors, are equal to more than one-quarter of total American output.
The government wants to keep its exchange rate to avoid default on $130 billion of debt because a devaluation would increase the cost of servicing foreign obligations.
The current account measures the difference between income from foreign sources and foreign obligations payable, excluding net capital investment.
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