Economic Buzz: Japan Posts Current Account Surplus At Y2.076 Trillion In February

Japan posted a current account surplus of 2.076 trillion yen in February, down 28.7 percent on year, the Ministry of Finance said on Monday following the 607.4 billion yen surplus in January. The trade balance reflected a surplus of 188.7 billion yen, following the 666.6 billion yen shortfall in the previous month. Exports were up 0.9 percent on year at 6.423 trillion yen following the 12.6 percent jump in January to 6.226 trillion yen. Imports surged 17.8 percent to 6.234 trillion yen after adding an annual 7.9 percent to 6.893 trillion yen a month earlier.