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Japan September Trade Surplus Y670.17 Billion

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Japan posted a merchandise trade surplus of 670.17 billion yen in September, the Ministry of Finance said on Thursday.

That beat forecasts for a surplus of 556.8 billion yen following the downwardly revised 112.6 billion yen surplus in August (originally 113.6 billion yen).

Exports climbed 14.1 percent on year 6.811 trillion yen, missing forecasts for a gain of 15.0 percent and down from 18.1 percent in the previous month.

Exports to Asia climbed 18.7 percent on year to 3.704 trillion yen, while exports to China alone advanced an annual 29.3 percent to 1.284 trillion yen.

Exports to the United States gained 11.1 percent on year to 1.297 trillion yen and exports to the European Union added an annual 11.5 percent to 766.435 billion yen.

Imports picked up an annual 12.0 percent to 6.140 trillion yen versus expectations for 14.7 percent and down from 15.2 a month earlier.

Imports from Asia jumped 7.7 percent on year to 3.085 trillion yen, while imports from China alone gained an annual 1.6 percent to 1.565 trillion yen.

Imports from the United States were up 17.2 percent to 680.790 billion yen, while imports from the European Union gained 15.3 percent to 749.745 billion yen.

The adjusted trade surplus was 240.3 billion yen, missing expectations for 309.2 billion yen and down from 367.3 billion yen in August.

by RTT Staff Writer

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