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Japan Has Y339.0 Billion Trade Surplus In February

Japan posted a merchandise trade surplus of 339.002 billion yen in February, the Ministry of Finance said on Monday.

That exceeded expectations for a surplus of 305.1 billion yen following the 1.415 trillion yen deficit in January.

Exports were down 1.2 percent on year to 6.384 trillion yen, shy of forecasts for a fall of 0.6 percent following the 8.4 percent slide in the previous month.

Imports tumbled an annual 6.7 percent to 6.045 trillion yen versus expectations for a fall of 6.4 percent following the 0.6 percent drop a month earlier.

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