The Ministry of Finance released its trade data for Japan on the late Wednesday evening. Japan's trade deficit turned into a surplus of ¥242.8 billion in February from a deficit of ¥648.8 billion in January. January's figure was revised down from a deficit of ¥645.9 billion.

Analysts had expected a surplus of ¥388.6 billion.

Exports fell 4.0% year-on-year in February, while imports dropped 14.2%.

Exports to Asia declined by 6.1% year-on-year in February, exports to the United States increased by 0.2%, while exports to the European Union climbed by 9.2%.

Imports from Asia plunged by 15.9% year-on-year in February, imports from the United States rose by 5.1%, while imports from the European Union climbed by 14.2%.