Japan's February current account surplus biggest in over 3 years

Japan's current account balance posted its biggest surplus in more than three years in February, as the sharp depreciation of the yen boosted income from abroad while a downturn in global crude oil prices pushed down imports, the government said Wednesday.
Japan's Finance Ministry said in a preliminary report tha the surplus stood at 1,440.1 billion yen, the largest since 1,614.5 billion yen registered in September 2011 -- six months after a devastating quake-tsunami disaster triggered the Fukushima nuclear crisis, according to Japan's (Kyodo) News Agency.
It was the first time since March 2013 that Japan's current account surplus topped 1 trillion yen, and the country marked a surplus for the eighth consecutive month, a ministry official said.