Japan's Ministry of Finance released its current account data for Japan late Tuesday. Japan's current account surplus climbed to ¥1,880.9 billion in May from ¥1,326.4 billion in April, exceeding expectations for a surplus of ¥1,542 billion.

It was the fourth straight month that Japan posted an over ¥1 trillion surplus.

Japan benefits from a weaker yen.

Japan's trade balance deficit was ¥47.3 billion in May, after a deficit of ¥146.2 billion in the previous month. Exports fell at an annual rate of 0.1% in May, while imports dropped 10.3%.