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Japan Has Y528.5 Billion Trade Surplus In March

Japan posted a merchandise trade surplus of 528.5 billion yen in March, the Ministry of Finance said on Wednesday.

That exceeded expectations for a surplus of 363.2 billion yen and was up from 334.9 billion yen in February.

Exports were down 2.4 percent on year, beating expectations for a decline of 2.6 percent following the 1.2 percent drop in the previous month.

Imports were up 1.1 percent on year versus expectations for a gain of 2.8 percent following the 6.6 percent contraction a month earlier.

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