Japan posted a current account surplus for the 11th straight month in May, as declining crude oil prices continued pushing down imports and a weaker yen boosted income from abroad, the government said Wednesday.
The surplus stood at ¥1.88 trillion, the largest in eight years for the reporting month, the Finance Ministry said in a preliminary report.
Exports dipped 0.1 percent from a year earlier to ¥5.71 trillion, while imports fell 10.3 percent to ¥5.76 trillion, shrinking the goods and trade deficit by ¥651.4 billion to ¥47.3 billion.