Japan data - BoP Current account balance for March: Y 2980.4bn (expected Y 2968bn)

BOP Current Account Balance for March, Y 2980.4bn .... this is the largest since March of 2007 (lower oil prices cited & fiscal year end flows of income surplus)

• expected Y2968bn, prior Y2434.9bn

Adjusted BOP Current Account Balance for March, Y 1893.6bn

• expected Y1910.0n, prior Y1733.5bn

Trade Balance BOP Basis for March, Y 927.2bn

• expected Y906.7bn, prior Y425.2bn

Bank lending including trusts at +2.2% y/y (prior +2%) while exluding trusts also +2.2% y/y/ (expected +1.9%, prior 2%)

For the full fiscal year (it ended in March) Japan's balance of payment surplus was the biggest in 5 years

• Again, cheap oil & large income gains cited as the drivers