The trade data came on the heels of the Reuters Tankan survey that found Japanese manufacturers' confidence deteriorated sharply in February, pointing to global stock market turmoil and the yen undermining business sentiment.
Merkel said on Monday she would meet the German president to inform him that she had failed to form a coalition government with the Greens and the pro-business Free Democrats (FDP).
The electronics firm forecast profit of 630 billion yen ($5.57 billion) for the year ending March, from 500 billion yen estimated three months ago.
Spot gold was down 0.4 percent at $1,275.70 an ounce by 0313 GMT, after hitting its lowest since Oct. 6 at $1,273.80 earlier in the session.
Japanese Prime Minister Shinzo Abe's ruling coalition secured a two-thirds "super majority" after winning 312 out of 465 seats available at Sunday's election, Reuters said, citing local media. Abe's solid win at the polls points to a continuation of fiscal and hyper-easy monetary policies under his Abenomics program.
Abe is expected to announce a snap election on Monday to take advantage of improved ratings and disorganised opposition parties, and the stimulus package could be a way to lure voters during the election campaign.
The dollar was marked down as deep as 109.22 yen at the opening, off a whole yen from late on Friday, but there was no follow-through selling and it was last at 109.84.
But while the central bank reached a major milestone in money printing, it is nowhere near achieving the ultimate goal of its policy, to lift inflation to 2 percent, highlighting the difficulty the BOJ is facing as the pace of its bond buying appears unsustainable.
Sterling remained under pressure after police said at least 19 people were killed and about 50 injured in an explosion at a concert in Manchester where U.S. singer Arianna Grande had been performing.
Japan's fourth-largest automaker said it expected operating profit to come in at 240.0 billion yen ($2.11 billion) in the year to March 2018, short of an average estimate of 254.7 billion yen from 21 analysts polled by Thomson Reuters I/B/E/S.
Nissan expects operating profit to come in at 685.0 billion yen ($6.00 billion) in the year to March, lower than an average estimate of 778.4 billion yen from 21 analysts polled by Thomson Reuters I/B/E/S, and down from a 742.2 billion yen profit posted in the year just ended.
The three companies said in a joint statement that they would spend a total of 20 billion yen (USD 183.74 million) to set up the company, which would be formed this year.
The US technology giant is considering investing at least several billion dollars to take a stake of more than 20 percent as part of a plan that would have Toshiba keep a partial holding so the business remains under US and Japanese control, NHK reported, citing unidentified sources.
The result, the 32nd straight month of current account surpluses, compares with economists' median forecast for a surplus of 2.62 trillion yen in a Reuters poll. This February's current account surplus was the largest on record for February.
The rupee is likely to remain rangebound today and stay between 64.90-65.10/dollar, says Bhaskar Panda of HDFC Bank.
The Japan International Cooperation Agency (Jica) today said signed an agreement with the MMRDA to provide 144,795 million yen, or around Rs 8,600 crore, official development assistance (ODA) loan for the ambitious trans-harbour link project in the city (MTHL).
Suitors include Western Digital Corp which operates a chip plant with Toshiba in Japan, Micron Technology Inc, South Korean chipmaker SK Hynix Inc and financial investors.
We expect the strong momentum to continue and see the 10-year benchmark bond yield trading in the range of 6.78-6.82 percent today, says Ashutosh Raina of HDFC Bank.
Annual export growth of 11.3 percent topped a 10.6 percent increase expected by economists in a Reuters poll and followed a 1.3 percent gain in January, marking the biggest gain since January 2015, Ministry of Finance data showed on Wednesday.
The extension would be the second after Toshiba postponed it a month ago to probe potential problems at Westinghouse. In early trading, Toshiba shares fell 4.8 percent to 204.6 yen, against the broader market's 0.2 percent decline.
We expect the USD-INR pair to trade in a range of 66.60-66.90/dollar today, says Ashutosh Raina of HDFC Bank.
We expect the USD-INR pair to trade in a range of 66.50-67/dollar for the day, says Pramit Brahmbhatt of Veracity.
The move comes after the central bank's erratic bond operation since late January confused market players, leading to a surge in Japanese Government Bond yields to one-year highs earlier this month.
Trading range for USD/INR pair will be 66.50-67/dollar, says Pramit Brahmbhatt of Veracity.