Japan Current Account Surplus Above Expectations

Japan posted an unadjusted 522.8 billion yen ($5.14 billion) current account surplus for May, above expectations in a Reuters poll for a 403.6 billion yen surplus.

The May current account figure marked the fourth consecutive month of surplus and was higher than April’s 187.4 billion yen surplus.

A narrowing trade deficit boosted the May current account figure. Imports fell 0.4 percent on year in May, reversing from a 6.6 percent rise in April. Meanwhile, exports rose 2 percent, slower than April’s 6.2 percent rise.

CNBC

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