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Surplus plunges 85% in Nov. / Year-on-year fall to 138 billion yen marks lowest level since Jan. 2009

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The nation's current account surplus declined 85.5 percent in November from the same month a year earlier to 138.5 billion yen, shrinking for the ninth straight month, according to a Finance Ministry preliminary report on the balance of international payments released Thursday. The surplus was at its lowest level since January 2009, when the balance fell to minus 132.7 billion yen due to the so-called Lehman Brothers shock. The current account is the broadest measure of Japan's global trade of goods and services. (Yomiuri)

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