RTTNews - The current account in Japan came in at an unadjusted surplus of 630 billion yen in April, the Ministry of Finance said in a preliminary report on Monday - down 54.5 percent on year and falling for the 14th consecutive month.
That was sharply lower than the 850 billion yen surplus that analysts had been expecting, easing from 1.485 trillion yen in March.
The adjusted current account surplus was 966.3 billion yen, topping estimates for a surplus of 960 billion yen.
The unadjusted goods and services deficit was 287.3 billion yen.
The balance of payment trade balance fell an annual 69.2 percent to 184.3 billion. Imports lost 37.8 percent on year to 3.73 trillion yen, while exports dropped 40.6 percent to 3.915 trillion yen.
Also on Monday, the Bank of Japan said that bank lending in Japan was up a seasonally adjusted 3.9 percent on year in May, following the 4.2 percent annual increase in April.
Bank lending including trusts added an annual 3.1 percent following the revised 3.3 percent gain in the previous month. Excluding trusts, lending was up 3.3 percent on year after the revised 3.5 percent gain a month earlier.
The bank also said that M2 money supply was up 2.7 percent on year and M3 money supply added 1.8 percent.
The yen edged down against its major opponents following the release of the trade balance and current account total reports. As of 7:50 pm ET Sunday, the Japanese yen was worth 90.91 against the Swiss franc, 157.64 against the pound, 98.69 versus the U.S. dollar and 137.92 against the euro.
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