By Marcus Leach

The earthquake and tsunami that hit Japan back in March is still having an effect on exports as the current account surplus dropped in May.

The Ministry of Finance said the surplus had declined by 51.7%, or 590.7 billion yen, compared to the same time period in 2010.

Despite the drop it is less than most analysts expected, as the economy is recovering at a quicker rate than predicted.

Join us on
Follow @freshbusiness