The Ministry of Finance released its trade data for Japan on the late Tuesday evening. Japan's trade surplus rose to ¥755 billion in March from ¥242.8 billion in February. Analysts had expected a surplus of ¥834.6 billion.

Exports fell 6.8% year-on-year in March, while imports dropped 14.9%.

Exports to Asia declined by 9.7% year-on-year in March, exports to the United States decreased by 5.1%, while exports to the European Union climbed by 12.1%.

Imports from Asia plunged by 5.3% year-on-year in March, imports from the United States slid by 20.0%, while imports from the European Union declined by 3.7%.