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Updated Tuesday, March 9, 2010 11:16 am TWN, AFP

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Japan posts current account surplus in January

TOKYO -- Japan logged a current account surplus of US$9.9 billion in January, reversing a year-before deficit thanks to recovering exports, government data showed Monday.

The surplus in the current account — the broadest measure of trade with the rest of the world — came to 899.8 billion yen (US$9.9 billion) against a year-earlier deficit of 132.7 billion yen.

The figure exceeded the surplus of around 750 billion yen the market had expected.

Exports surged 40.6 percent to 4.62 trillion yen while imports rose 7.1 percent to 4.42 trillion yen.

Historically, Japan has had a large surplus in its current account, which measures the flow of goods, services and investment income, due to its exports of cars, electronics and other goods.

The global recession hit Japanese exports hard but demand has been recovering in the recent months.

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