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Japan Current Account Y1.177 Trillion In February

4/8/2012 8:32 PM ET

Japan saw a current account surplus of 1.177 trillion yen in February, the Ministry of Finance said on Monday. That beat forecasts for a surplus of 1.120 trillion yen after posting a shortfall of 437.3 billion yen in January.

The trade balance came in below forecasts at 102.1 billion yen, shy of expectations for 104.3 billion yen after showing a deficit of 1.381 trillion yen in the previous month.

Imports jumped 11.1 percent on year to 5.145 trillion yen, while exports shed an annual 2.0 percent to 5.247 trillion yen.

The adjusted current account showed a surplus of 854.1 billion yen, blowing past expectations for a surplus of 650.0 billion yen after posting a surplus of 115.6 billion yen a month earlier.

by RTT Staff Writer

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