revenues more than offset the trade

Since the weak yen increases the cost of imports and has a tenuous impact on exports, it contributed to a trade deficit in 2024. But the weak yen raised the yen value of repatriated profitsand contributed to a 47 per cent increase in tourism. Primary income inflows and tourism revenues more than offset the trade deficit, pushing the overall Japanese current account to a surplus of 4 per cent of GDP. The Nikkei 225 stock market index also benefitted from the weak yen. It increased 19 per cent in 2024 and finished at its highest year-end level ever. Much of this occurred because the weak yen increased the yen profitability of companies such as Toyota and Komatsu, who obtain revenues from abroad. สล็อต เว็บตรง