Japan posted a trade surplus of 807.09 billion JPY (equal to 9.1 billion USD) in October, thanks to a recovery in its exports to Asia, reported the country’s Finance Ministry.
This is the ninth straight month that Japan has recorded a trade surplus, signalling that the world's second largest economy is gradually emerging from the economic recession.
However, Japanese exports fell by 23.2 percent year on year to 5.31 trillion JPY, with a sharp decline seen in vehicles and steel products. Imports also dropped 35.6 percent to 4.5 trillion JPY.
Japan 's trade surplus with Asia rose 82.3 percent to 827.0 billion JPY.
However, October was the fourth straight month that Japan recorded a trade deficit with China, its biggest trading partner, at 26.2 billion JPY.
Japanese exports to China fell by 14.3 percent to 993.4 billion JPY. At the same time, its imports from China fell by 26.6 percent to 1.02 trillion JPY.
Japan ’s trade surplus with the EU fell 40.8 percent to 210.8 billion JPY in October, a drop for the 14th month in a row./.