Japan's current account surplus falls sharply in May

Japan's current account surplus fell sharply in May, as the 11 March earthquake and tsunami continue to affect exports.

The surplus shrank 51.7% to 590.7bn yen ($7.27bn; £4.55bn) compared with a year earlier, said the Ministry of Finance.
However, that is less than most analysts had expected.
The data shows that while the economy continues to suffer from the disaster, it is recovering quicker than expected.
May's fall in the current account surplus marks the third straight monthly drop after the earthquake and tsunami wreaked havoc in the north east of Japan.

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