Japan Has Y496.174 Billion Trade Surplus

Japan had a merchandise trade surplus of 496.174 billion yen in October, the Ministry of Finance said on Monday.

That was shy of expectations for a surplus of 610.0 billion following the downwardly revised 497.6 billion yen deficit in September (originally 498.3 billion).

Exports were down 10.3 percent on year, missing forecasts for a fall of 8.5 percent following the 6.9 percent decline in the previous month.

Imports sank an annual 16.5 percent versus expectations for a decline of 16.1 percent after sliding 16.3 percent a month earlier.

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