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Japan Posts 584.5-B.-Yen Trade Surplus in Feb.

Japan Posts 584.5-B.-Yen Trade Surplus in Feb.

   Tokyo, March 19 (Jiji Press)--Japan logged a customs-cleared trade surplus of 584.5 billion yen in February, the biggest amount since March 2021, Finance Ministry preliminary data showed Wednesday.
   The country's trade surplus with the United States was highest on record for February.
   Total exports stood at 9,191.1 billion yen, up 11.4 pct from a year before. Chip-manufacturing device exports to Taiwan contributed to the increase, as did vehicle exports to the United States.
   Imports declined 0.7 pct to 8,606.6 billion yen, pulled down by lower exports of crude oil, coal and liquefied natural gas in value. While the amount of coal imports increased, the value plummeted 20.3 pct
   In trade with the United States, Japan logged 918.8 billion yen in surplus, up 29.3 pct. The number of vehicles shipped to the United States increased 2.9 pct due to stock adjustment. The value of vehicle exports rose a bigger 13.9 pct as the yen weakened 4.3 pct.

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AFP-JIJI PRESS NEWS JOURNAL


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