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Japan Records Huge Trade Surplus in Feb 17 Due to Strong Export Growth

Date 12-Apr-2017
Subject Japan Records Huge Trade Surplus in Feb 17 Due to Strong Export Growth

TOKYO: This February, for the 32nd consecutive month, Japan registered a current account surplus. Information released by Japanese Finance Ministry shows that the Country generated a $25.26 billion current account surplus during February 2017, showing year on year growth.

After a slowdown in the beginning of the year due to the Lunar New Year season, Japanese exports rebounded and strengthened the trade balance to $7.3 billion in February, reversing a deficit in the month of January. While exports inched up 11.3% y-o-y to $56 billion approximately, imports stood at around $49 billion, growing marginally y-o-y at 1.2%. Since 2010, this has been the largest monthly trade surplus registered by Japan. These strong trade parameters are under threat from rising energy prices, which will eventually up Japan's import bill.

Source: Dailyshippingtimes.com

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