Japan had a merchandise trade surplus of 754.985 billion yen in March, the Ministry of Finance said on Wednesday.
That was shy of expectations for 819.1 billion yen following the 242.2 billion yen surplus in February.
Exports were down 6.8 percent on year, beating forecasts for a fall of 7.1 percent following the 4.0 percent contraction in the previous month.
Imports skidded an annual 14.9 percent versus expectations for a decline of 16.5 percent after tumbling 14.2 percent a month earlier.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.