• Japan trade balance surplus rose more than expected in April

Market news

21 May 2018

Japan trade balance surplus rose more than expected in April

Japan had a merchandise trade surplus of 626.0 billion yen in April, according to rttnews.

That exceeded expectations for a surplus of 440.0 billion yen following the downwardly revised 797.0 billion yen surplus in March (originally 797.3 billion yen).

Exports were up 7.8 percent on year, missing forecasts for an increase of 8.7 percent but up from 2.1 percent in the previous month.

Imports advanced an annual 5.9 percent versus expectations for 9.8 percent following the 0.6 percent contraction a month earlier.

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