Japan March current account surplus less than expected

TOKYO (Reuters) - Japan's current account balance logged a less-than-expected surplus in March, Ministry of Finance data showed on Monday, due to weak demand for Japanese exports and rising imports of fossil fuels.

The surplus stood at 116.4 billion yen (S$1.43 billion), against a median forecast for 305.0 billion yen.

It was the second monthly surplus in a row but was down sharply from the prior month's 612.7 billion yen.