Mubasher: Japan’s trade surplus plunged 40.7% year-on-year in October, logging its fifth straight month of surplus, according to data by the Japanese Ministry of Finance.
The world's third-largest economy achieved a surplus of JPY 285.4 billion ($2.5 billion) last month, compared to JPY 481.2 billion in the prior-year period.
Global economic recovery, along with a weaker yen, has bolstered Japan's exports, the data added.
Japan’s economy registered a growth in the third quarter of 2017, the seventh in a row, posting the longest growth trajectory/streak since 2001.
Japanese exports rose by 14% year-on-year to JPY 6.69 trillion, while imports climbed 18.9% to JPY 6.41 trillion.
On the same line, Japan's trade deficit with China retreated 22.5% year-on-year to JPY 265.68 billion.
By 8:15 am GMT, the Japanese yen settled against the US dollar at JPY 112.06.
