Japan had a merchandise trade deficit of 53.44 billion yen in April, the Ministry of Finance said on Monday.

That beat expectations for a deficit of 386.8 billion yen following the 3.3 billion yen surplus in March.

Exports climbed 8.0 percent on year – also topping forecasts for an increase of 6.0 percent following the 8.5 percent jump in the previous month.

Imports dropped an annual 4.2 percent versus expectations for a fall of 1.1 percent after tumbling 14.5 percent a month earlier.

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