Japan Merchandise Trade Surplus Y508 Billion In June

  @ibtimes on July 22 2009 8:11 PM

RTTNews - Japan posted a merchandise trade surplus of 508 billion yen in June, the Ministry of Finance said on Thursday. That was well shy of analyst expectations for a surplus of 610 billion yen, but significantly higher than the 299.8 billion yen surplus in May.

Merchandise imports fell 41.9 percent on year, versus forecasts for a 42 percent annual decline after the 42.4 percent annual decline in the previous month. Merchandise exports were off 35.7 percent on year, in line with forecasts for a 35.1 percent decline after the 40.9 percent annual contraction a month earlier.

Japan posted a 277.6 billion yen trade surplus with the United States, as well as a 3.9 billion yen surplus with China, a 651.7 billion yen surplus with all of Asia and a 90.5 billion yen surplus with Europe.

The adjusted merchandise trade balance came in at 438.2 billion yen. Analysts had expected a surplus of 480.8 billion yen after showing a 222.4 billion yen surplus in May.

For comments and feedback: contact editorial@rttnews.com

Join the Discussion