Japan's current account surplus soared to JPY 1,979.7 billion in May of 2021 from JPY 1,068.5 billion in the same month of the previous year and compared with market expectations of a surplus of JPY 1,820.4 billion. The primary income surplus rose to JPY 2,451.8 billion from JPY 2,064.2 billion a year earlier, while the goods account surplus shifted to a small surplus of JPY 0.002 billion from a deficit of JPY 512.5 billion as exports jumped 46.5 percent while imports went up at a softer 30.6 percent. At the same time, the services account shortfall narrowed to JPY 255.5 billion from JPY 271.1 billion in the prior year. Meanwhile, the secondary income gap increased slightly to JPY 218.7 billion from JPY 212.1 billion. source: Ministry of Finance, Japan
Current Account in Japan averaged 1163.91 JPY Billion from 1985 until 2021, reaching an all time high of 3360.38 JPY Billion in March of 2007 and a record low of -1456.11 JPY Billion in January of 2014. 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 August of 2021.
Current Account in Japan is expected to be 1600.00 JPY Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Current Account in Japan to stand at 600.00 in 12 months time. In the long-term, the Japan Current Account is projected to trend around 650.00 JPY Billion in 2022, according to our econometric models.