Japan’s current account surplus increased to JPY 3,968.3 billion in May 2026 from JPY 3,320.5 billion in the same month a year earlier, though it fell short of market expectations of JPY 4,121 billion. The goods account swung to a marginal surplus of JPY 0.07 billion from a JPY 497.1 billion deficit, as export growth (14.7%) outpaced import growth (8.1%). Meanwhile, the primary income surplus increased to JPY 4,275.6 billion from JPY 4,180.2 billion. The secondary income deficit narrowed to JPY 304.0 billion from JPY 493.5 billion. By contrast, the services account slipped into a marginal deficit of JPY 0.1 billion, reversing from a JPY 130.9 billion surplus a year earlier. source: Ministry of Finance, Japan

Japan recorded a Current Account surplus of 3968.30 JPY Billion in May of 2026. Current Account in Japan averaged 1271.13 JPY Billion from 1985 until 2026, reaching an all time high of 4681.50 JPY Billion in March of 2026 and a record low of -2069.10 JPY Billion in January of 2023. This page provides - Japan Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news. Japan Current Account - data, historical chart, forecasts and calendar of releases - was last updated on July of 2026.

Japan recorded a Current Account surplus of 3968.30 JPY Billion in May of 2026. Current Account in Japan is expected to be 1500.00 JPY Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Japan Current Account is projected to trend around 1200.00 JPY Billion in 2027 and 1400.00 JPY Billion in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-06-07 11:50 PM
Current Account
Apr ¥3907B ¥4682B ¥3137B ¥2950.0B
2026-07-07 11:50 PM
Current Account
May ¥3968B ¥3908B ¥4121.3B ¥4107.0B
2026-08-09 11:50 PM
Current Account
Jun ¥3968B ¥3430.0B



Components Last Previous Unit Reference
Current Account Goods 6.90 395.70 JPY Billion May 2026
Current Account Services -10.30 -416.00 JPY Billion May 2026

Related Last Previous Unit Reference
Balance of Trade -378.70 299.30 JPY Billion May 2026
Capital Flows 50710.00 44374.00 JPY Hundred Million May 2026
Current Account 3968.30 3908.00 JPY Billion May 2026
Exports 9511.55 10507.35 JPY Billion May 2026
Exports YoY 17.00 14.80 percent May 2026
External Debt 761469.80 728706.20 JPY Billion Mar 2026
Net Foreign Direct Investment 32343.00 27747.00 JPY Hundred Million May 2026
Imports 9890.20 10205.44 JPY Billion May 2026
Imports YoY 12.50 9.80 percent May 2026


Japan Current Account
Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid).
Actual Previous Highest Lowest Dates Unit Frequency
3968.30 3908.00 4681.50 -2069.10 1985 - 2026 JPY Billion Monthly
Current Prices, NSA

News Stream
Japan Current Account Surplus Rises Despite Forecast Miss
Japan’s current account surplus increased to JPY 3,968.3 billion in May 2026 from JPY 3,320.5 billion in the same month a year earlier, though it fell short of market expectations of JPY 4,121 billion. The goods account swung to a marginal surplus of JPY 0.07 billion from a JPY 497.1 billion deficit, as export growth (14.7%) outpaced import growth (8.1%). Meanwhile, the primary income surplus increased to JPY 4,275.6 billion from JPY 4,180.2 billion. The secondary income deficit narrowed to JPY 304.0 billion from JPY 493.5 billion. By contrast, the services account slipped into a marginal deficit of JPY 0.1 billion, reversing from a JPY 130.9 billion surplus a year earlier.
2026-07-08
Japan Current Account Surplus Tops Estimates
Japan’s current account surplus increased to JPY 3,907.8 billion in April 2026 from JPY 2,370.0 billion in the same month a year earlier, exceeding market expectations of JPY 3,137 billion. The goods account surplus surged to JPY 395.7 billion from a tiny figure in the prior year, as export growth (13.9%) outpaced imports (9.5%). Also, the primary income surplus widened to JPY 4,210.0 billion from JPY 3,649.8 billion. Meantime, the services account deficit narrowed sharply to JPY 416.0 billion from JPY 725.9 billion. Also, the secondary income deficit decreased to JPY 281.8 billion from JPY 553.1 billion.
2026-06-08
Japan Current Account Surplus Hits Record High
Japan’s current account surplus increased to JPY 4,681.5 billion in March 2026 from JPY 3,625.3 billion in the same month a year earlier, surpassing market expectations of JPY 3,879 billion and marking the largest amount on record. The goods account surplus surged to JPY 830.5 billion from JPY 611.3 billion in the prior year, as export growth (11.7%) outpaced imports (10.0%). Also, the primary income surplus widened to JPY 4,630.7 billion from JPY 3,832.6 billion. Meantime, Meanwhile, the secondary income deficit narrowed to JPY 522.0 billion from JPY 778.9 billion, while the services account deficit widened sharply to JPY 257.8 billion from JPY 39.8 billion.
2026-05-13