Japan trade swings back to surplus in November as exports strengthen

Japan's trade balance swung back into surplus in November, provisional figures from the Ministry of Finance showed Wednesday.

The balance came to a JPY322.23 billion surplus in November, approximately USD2.08 billion, from a deficit of JPY120.81 billion in the same month a year earlier.

It also swung month-on-month from JPY231.77 billion deficit in October, surpassing the FXStreet consensus forecast of a JPY71.2 billion surplus.

Imports rose 1.3% year-on-year in November, below the 2.5% growth that was forecast, while exports grew 6.1%, ahead of the expected 4.8% rise.