Japan Trade Surplus 11 Billion Yen in March

(RTTNews) - Japan posted a merchandise trade surplus of 11 billion yen in March, the Ministry of Finance said on Wednesday - topping analyst expectations for a 10 billion yen surplus following the revised 82.1 billion yen surplus in February.

Imports were down 36.7 percent on year versus expectations for a 37.3 percent fall after the 43 percent contraction in the previous month. Exports dropped 45.6 percent on year versus the 46.6 percent decline that had been forecast following the 49.4 percent decline a month earlier.

With the United States, Japan posted a trade surplus of 154.4 billion yen, down an annual 76.7 percent.

Japan logged a 725.3 billion yen deficit for the fiscal year 2008, marking the first FY shortfall since 1980.

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