Japan's Trade Balance Sees Remarkable Recovery

In a surprising shift, Japan reported a trade surplus of ¥712.9 billion on the balance of payments (BOP) basis for February, as per the preliminary data released by the Finance Ministry this Tuesday. This marks a significant rebound from the previous month's deficit of ¥2,937.9 billion.

Export Growth and Import Decline Fuel Surplus

The turnaround was driven by a 10.4% year-on-year increase in exports, coupled with a 1.9% annual drop in imports, highlighting a strengthening in Japan's trade dynamics.