الأربعاء , يونيو 17 2020

Exports help Japan to trade surplus

Japan port cargo terminal

Japan last posted a monthly trade surplus in June 2012.

Japan has recorded its first trade surplus in three years after the weaker yen boosted exports and cheaper oil prices lowered its import bill.

The trade balance came in at 229.3bn yen ($1.9bn; £1.3bn) in March, beating market expectations for a surplus of 44.6bn yen.

Exports rose by 8.5% from a year earlier, while imports fell by 14.5%.

For the fiscal year to March 2015, preliminary data showed Japan logged an overall trade deficit of $9.1tn yen.

Japan’s trade balance fell into the red after the March 2011 earthquake and disaster led to the closure of the country’s nuclear plants.

Nuclear power used to provide about a third of Japan’s energy needs.

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