Japan logs 585 bil. yen trade surplus in Feb. on car, chip demand

Japan logged a 584.51 billion yen ($3.9 billion) trade surplus in February, returning to the black for the first time in two months, driven by strong auto and semiconductor-related demand, government data showed Wednesday.The surplus was the largest since March 2021 as exports surged 11.4 percent from a year earlier to 9.19 trillion yen, marking the fifth consecutive monthly growth and hitting a record for February, the Finance Ministry said in a preliminary report.Major items boosting exports were cars to the United States, chip-making machinery to Taiwan and electronics parts to Hong Kong…READ FULL ARTICLE