The current account balance in Japan swung to a surplus in February, the Ministry of Finance said in a preliminary report on Wednesday, coming in at 1.116 trillion yen.

That's down 55.6 percent on year, even though it beat expectations for a surplus of 1.071 trillion yen following the record 172.8 billion yen shortfall in January. The current account surplus was 125.4 billion yen in December, 581.2 billion yen in November and 960.5 billion yen in October.

The current account figure is the broadest measure of Japan's foreign trade performance, includes trade in goods, services, tourism and investments.

Japan's unadjusted goods and services balance showed a surplus of 53 billion yen, down an annual 94.3 percent.

The trade balance was 202.1 billion yen, down 80.4 percent on year as imports fell a record 44.9 percent and exports plummeted 50.4 percent - also a record. Analysts had expected a trade surplus of 142 billion yen following the 844.4 billion yen deficit in January.

The seasonally adjusted current account total showed a surplus of 673.4 billion yen, topping forecasts for a 517.5 billion yen surplus after the 258 billion yen surplus in the previous month.

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