Japan April Trade Surplus 823.5 Billion Yen, Beats Estimates
- Shipments hurt by currency’s strength, weaker overseas demand
- Supply-chain disruptions from earthquakes are also a factor
Breaking Down Japan's April Trade Data
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Japan’s exports fell for a seventh consecutive month in April as the yen strengthened, underscoring the growing challenges to Prime Minister Shinzo Abe’s efforts to revive economic growth.
Overseas shipments declined 10.1 percent in April from a year earlier, the Ministry of Finance said on Monday. The median estimate of economists surveyed by Bloomberg was for a 9.9 percent drop. Imports fell 23.3 percent, leaving a trade surplus of 823.5 billion yen ($7.5 billion), the highest since March 2010.