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Japan Has Y1,109.845 Billion Trade Surplus

Japan posted a merchandise trade surplus of 1,109.845 billion yen in February, the Ministry of Finance said on Wednesday.

That beat forecasts for a surplus of 916.7 billion yen following the 1,312.6 billion yen deficit in January.

Exports were down 1.0 percent on year, exceeding expectations for a drop of 4.2 percent after sliding 2.6 percent in the previous month.

Imports tumbled an annual 14.0 percent versus forecasts for a drop of 14.1 percent following the 3.6 percent decline a month earlier.

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