Japan reports unexpected trade surplus in February

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Source: BBC
Japan reported an unexpected trade surplus last month, after facing record deficit in January. The surplus approached 32.9 billion Yens as compared to a deficit of 1.5 trillion Yens in the preceding month, according to Ministry of Finance. The major contributor to the surplus was recovering US economy that spurred the demand for Japan's goods. The exports declined by 2.7% on an annualized rate last month while analysts expected a 6.5% dip. Imports rose by 9.2% on a yearly basis in February.
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Thu, 22 Mar 2012 07:59:35 GMT

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