Japan posts trade surplus after 3 years of deficits

Tokyo

JAPAN logged a surplus in its merchandise trade for the first time in nearly three years last month, as export values rose and those of imports declined, giving what analysts said was a welcome shot in the arm to Abenomics and pushing the Nikkei 225 stock index up to a 15-year high on Wednesday.

Although the trade balance may hover between small surpluses and deficits in c…