Posted on July - 23 - 2010
Japan trade surplus up 41.1%
TOKYO – JAPAN’S trade surplus for June rose 41.1 per cent from a year earlier, thanks to a steady recovery in exports, official data showed on Monday.
The surplus reached 687.0 billion yen (S$10.7 billion) in June, marking the 13th straight month of improvement on year-earlier levels, according to the Ministry of Finance.
The figure compared with market expectations of 700 billion yen.
Exports rose 27.7 per cent to 5.87 trillion yen, the seventh consecutive monthly rise, beating market expectations of a 23.1-per cent increase.
Robust Asian demand for Japanese autos and steel drove the better-than-expected rise in exports, marking the seventh straight monthly increase, the ministry said.
Meanwhile, imports jumped 26.1 per cent, led by crude oil, liquefied natural gas and non-ferrous metals. — AFP
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