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Japan Has Y872.899 Billion Trade Surplus In October

Japan posted a merchandise trade surplus of 872.899 billion yen in October, the Ministry of Finance said on Wednesday.

That exceeded forecasts for a surplus of 250 billion yen following the 675 billion yen surplus in September.

Exports were down 0.2 percent on year at 6.566 trillion yen, beating expectations for a loss of 4.5 percent following the 4.9 percent drop in the previous month.

Imports were down an annual 13.3 percent at 5.693 trillion yen versus expectations for a loss of 9.9 percent following the 17.2 percent tumble a month earlier.

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