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Japan Current Account Surplus Y333.8 Billion In April

6/7/2012 8:15 PM ET

Japan posted a current account surplus of 333.8 billion yen in April, the Ministry of Finance said on Friday - shy of forecasts for a surplus of 440.8 billion yen following the 1,589.4 billion yen surplus in March.

The headline figure was down an annual 21.2 percent - also missing forecasts for an increase of 7.5 percent after falling 8.6 percent in the previous month.

The trade balance reflected a deficit of 463.9 billion yen, also missing forecasts for a shortfall of 450.7 billion yen following the 4.2 billion yen surplus a month earlier.

Exports climbed 11.1 percent on year to 5.421 trillion yen, while imports added 11.2 percent on year to 5.885 trillion yen.

by RTT Staff Writer

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