10 Aug 2011

Exports by Japan still down since disaster

8:31 am on 10 August 2011

Japan's current account surplus fell more than expected in June as exports continued to suffer in the aftermath of the earthquake and tsunami on 11 March.

Latest data showed the surplus was 526.9 billion yen ($US6.7 billion) in June, down 50.2% on a year earlier.

However, figures showed the rate of decline in exports has been slowing, indicating a recovery in the sector.

Exports in June fell 1.1% from a year ago, compared with a 9.8% decline in May.

But analysts warn that the medium to long-term outlook remains bleak.