Japan Posts Y520.6 Billion Surplus In September

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Japan saw a merchandise trade surplus of 520.6 billion yen in September, the Ministry of Finance said on Thursday, marking the largest surplus in 18 months. It came in below forecasts for a surplus of 625.3 billion yen after the 185.7 billion yen surplus in August.

Imports were down 36.9 percent on year, roughly in line with expectations for a decline of 38 percent on year after the 41.3 percent annual contraction in the previous month. Exports lost an annual 30.7 percent - again close to forecasts for a fall of 29.7 percent following the 36 percent decline on year in the previous month.

With all of Asia, Japan saw a trade surplus of 723 billion yen, up 8 percent on year. With China alone, Japan posted a deficit of 66.9 billion yen, plunging an annual 73.4 percent.

(Market News Provided by RTTNews)