Japan’s current account flipped from a -¥248.1 billion deficit in January to a surplus of ¥4,061 billion in February, well above expectations of ¥3,800 billion.

• Goods exports surged 10.4% YoY to ¥9,005.5 billion while imports fell -1.9% YoY to 8,292.6 billion.
• The primary income balance improved again, up 10.9% YoY to ¥3,881.7 billion.
• Foreign direct investment increased to ¥2,105.5 billion, up from ¥1,650.2 billion a year ago.