Japan records first trade surplus in three years
April 22 , 2015
Japan has recorded a trade surplus for the first time in three years, with a weakened yen boosting exports and lower oil prices cutting the import bill.
The trade balance in March was $1.9 billion, exceeding market expectations. Exports were up 8.5% compared to the previous year, and imports dropped by 14.5%.
The closure of all nuclear plants in the aftermath of the March 2011 Fukushima disaster had tripped the trade balance into a deficit as Japan was forced to import large amounts of gas, oil and coal to meet its energy needs.