Japan’s Trade Surplus Jumps Sharply: Japan’s trade...

Japan’s Trade Surplus Jumps Sharply: Japan’s trade surplus ballooned 79.3% in April to an unadjusted $6.31 billion from a revised $3.52 billion a year earlier, the Finance Ministry said. The jump reflected surging exports and flagging domestic demand for imports, the government said. Exports to the United States fell 3.6% in April. Reduced demand because of slower growth in the U.S. economy was cited as the major reason for the decline. Japan’s April trade surplus with the United States declined 7.2% to $2.26 billion from $2.44 billion a year earlier.