Japan’s current account surplus jumped to JPY 942.6 billion in January 2026 from JPY 344.6 billion in the same month a year earlier, though it came in slightly below market forecasts of JPY 960 billion. The improvement was largely driven by a sharp narrowing in the goods account deficit, which shrank to JPY 600.4 billion from JPY 2,934.0 billion a year earlier, as exports surged 20.5% while imports declined 7.7%, reflecting softer energy import costs and resilient external demand. However, other components were less supportive. The primary income surplus, mainly earnings from overseas investments, fell to JPY 2,746.6 billion from JPY 3,520.0 billion, while the secondary income deficit widened slightly to JPY 489.3 billion from JPY 440.8 billion. Meanwhile, the services account deficit expanded sharply to JPY 715.3 billion from JPY 498.8 billion, partly reflecting stronger outbound travel and payments for foreign services. source: Ministry of Finance, Japan

Japan recorded a Current Account surplus of 941.60 JPY Billion in January of 2026. Current Account in Japan averaged 1245.70 JPY Billion from 1985 until 2026, reaching an all time high of 4427.30 JPY Billion in September of 2025 and a record low of -2074.20 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 March of 2026.

Japan recorded a Current Account surplus of 941.60 JPY Billion in January of 2026. Current Account in Japan is expected to be 3100.00 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
2026-02-08 11:50 PM
Current Account
Dec ¥7288B ¥3674B ¥1060B ¥1400.0B
2026-03-09 01:15 AM
Current Account
Jan ¥941.6B ¥728.8B ¥960B ¥1010.0B
2026-04-07 11:50 PM
Current Account
Feb ¥941.6B

Components Last Previous Unit Reference
Current Account Goods -600.40 134.90 JPY Billion Jan 2026
Current Account Services -715.30 -340.10 JPY Billion Jan 2026

Related Last Previous Unit Reference
Balance of Trade -1152.66 113.50 JPY Billion Jan 2026
Capital Flows 7219.00 40901.00 JPY Hundred Million Dec 2025
Current Account 941.60 728.80 JPY Billion Jan 2026
Exports 9187.49 10411.51 JPY Billion Jan 2026
Exports YoY 16.80 5.10 percent Jan 2026
External Debt 697213.00 676594.00 JPY Billion Sep 2025
Net Foreign Direct Investment 14595.00 11098.00 JPY Hundred Million Jan 2026
Imports 10340.15 10305.81 JPY Billion Jan 2026
Imports YoY -2.50 5.20 percent Jan 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
941.60 728.80 4427.30 -2074.20 1985 - 2026 JPY Billion Monthly
Current Prices, NSA

News Stream
Japan Current Account Surplus Below Estimates
Japan’s current account surplus jumped to JPY 942.6 billion in January 2026 from JPY 344.6 billion in the same month a year earlier, though it came in slightly less than market forecasts for a gain of JPY 960 billion. The improvement was largely driven by a sharp narrowing in the goods account deficit, which shrank to JPY 600.4 billion from JPY 2,934.0 billion a year earlier, as exports surged 20.5% while imports declined 7.7%, reflecting softer energy import costs and resilient external demand. However, other components were less supportive. The primary income surplus, mainly earnings from overseas investments, fell to JPY 2,746.6 billion from JPY 3,520.0 billion, while the secondary income deficit widened slightly to JPY 489.3 billion from JPY 440.8 billion. Meanwhile, the services account deficit expanded sharply to JPY 715.3 billion from JPY 498.8 billion, partly reflecting stronger outbound travel and payments for foreign services.
2026-03-09
Japan Current Account Surplus Below Estimates
Japan’s current account surplus fell to JPY 728.8 billion in December 2025 from JPY 1,071.8 billion in the same month a year earlier, falling short of market forecasts of JPY 1,060 billion. The primary income surplus inched lower to JPY 1,189.4 billion from 1,248.9 billion while the secondary income deficit edged higher to JPY 255.4 billion from JPY 242.3 billion. At the same time, the services account shifted to a deficit of JPY 340.1 billion from a small surplus of JPY 0.11 billion. In contrast, the surplus of goods account surged to JPY 134.9 billion from JPY 0.54 billion in the previous year, as exports (4.5%) rose faster than imports (3.7%).
2026-02-09
Japan Current Account Surplus Above Estimates
Japan’s current account surplus increased to JPY 3,674.1 billion in November 2025 from JPY 3,338.9 billion in the same month a year earlier, topping market expectations of JPY 3,594 billion. The surplus of goods account surged to JPY 625.3 billion from JPY 119.1 billion in the previous year, as exports rose 5.1% while imports fell 0.5%. Also, the primary income surplus inched higher to JPY 3,380.9 billion from 3,374.5 billion. At the same time, the secondary income deficit narrowed to JPY 288.0 billion from JPY 422.4 billion. However, the services account shifted to a small deficit of JPY 0.44 billion from a surplus of JPY 267.7 billion.
2026-01-13