Japan's unadjusted current account reflected a surplus of 1.486 trillion yen in March, the Ministry of Finance said on Wednesday, declining 48.8 percent on year and falling for the 13th consecutive month.

That was sharply higher than forecasts for a 1.209 trillion yen surplus following the 1.116 trillion yen surplus in February.

The adjusted current account came in at 902.3 billion yen versus forecasts for a 527 billion yen surplus after the 673.4 billion yen surplus in February.

Unadjusted goods and services showed a surplus of 98.7 billion yen, down 91.7 percent on year.

The trade balance came in at 132.9 billion yen, down 89.3 percent on year. Imports were down 37.8 percent to 3.797 trillion yen, while exports fell an annual 46.5 percent to 3.93 trillion yen.

Also on Tuesday, the Bank of Japan said that bank lending in Japan was up 3.6 percent on year in April, the same rate as in March.

Adjusted lending was up an annual 4.2 percent in April, maintaining the same expansion as in March, while bank lending minus trusts was up 3.4 percent on year in April - again the same as in the previous month.

The bank also said that M2 money supply was up 2.6 percent on year to 754 trillion yen in April after adding 2.2 percent in March. M3 money stock was up an annual 1.7 percent to 1052 trillion yen after a 1.3 percent gain in April.

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