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Japan Has Y589.5 Billion Trade Surplus In June

Japan posted a merchandise trade surplus of 589.5 billion yen in June, the Ministry of Finance said on Thursday.

That exceeded expectations for a surplus of 403.5 billion yen following the 968.3 billion yen deficit of May.

Exports were down 6.7 percent on year, missing forecasts for a drop of 5.4 percent following the 7.4 percent drop in the previous month.

Imports were down an annual 5.2 percent versus forecasts for a drop of 0.2 percent following the 1.5 percent decline a month earlier.

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