Japan May Trade Surplus

Japan's trade surplus for May fell 12.1% from the previous year to 299.8 billion yen ($3.14 billion), the Ministry of Finance said Wednesday. The nation's exports fell 40.9% on year, as the trade surplus with the U.S., its biggest export market, shrank 52.9% and its surplus with Europe tumbled 75.4%. Imports slid 42.4 percent from a year earlier, and the trade surplus narrowed 12.1 percent to 299.8 billion yen ($3.1 billion), the Finance Ministry said.