Japan’s current account surplus stood at JPY 3,932.7 billion in February 2026, little changed from JPY 3,938.4 billion a year earlier but exceeding market expectations of JPY 3,549 billion. The latest figure marked the largest surplus since September, supported mainly by stronger income flows despite weaker trade dynamics. The goods account surplus narrowed sharply to JPY 267.6 billion from JPY 809.9 billion in the prior year, as export growth (2.8%) lagged behind a faster rise in imports (9.7%). Meanwhile, the primary income surplus widened to JPY 4,240.3 billion from JPY 3,798.6 billion, remaining the key driver of the overall surplus. The services account deficit was broadly stable at JPY 284.5 billion (vs JPY 285.7 billion), while the secondary income deficit narrowed to JPY 290.8 billion from JPY 384.4 billion. source: Ministry of Finance, Japan

Japan recorded a Current Account surplus of 3933 JPY Billion in February of 2026. Current Account in Japan averaged 1250.99 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 April of 2026.

Japan recorded a Current Account surplus of 3933 JPY Billion in February of 2026. Current Account in Japan is expected to be 1430.00 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
2026-03-09 01:15 AM
Current Account
Jan ¥941.6B ¥728.8B ¥960B ¥1010.0B
2026-04-07 11:50 PM
Current Account
Feb ¥3933B ¥942B ¥3549B ¥4100.0B
2026-05-12 11:50 PM
Current Account
Mar ¥3933B ¥ 3500B

Components Last Previous Unit Reference
Current Account Goods 267.60 -600.40 JPY Billion Feb 2026
Current Account Services -284.50 -715.30 JPY Billion Feb 2026

Related Last Previous Unit Reference
Balance of Trade 57.27 -1163.50 JPY Billion Feb 2026
Capital Flows 42127.00 -5281.00 JPY Hundred Million Feb 2026
Current Account 3933.00 942.00 JPY Billion Feb 2026
Exports 9571.58 9187.49 JPY Billion Feb 2026
Exports YoY 4.20 16.80 percent Feb 2026
External Debt 725809.01 697418.91 JPY Billion Dec 2025
Net Foreign Direct Investment 14572.00 14489.00 JPY Hundred Million Feb 2026
Imports 9514.31 10340.15 JPY Billion Feb 2026
Imports YoY 10.20 -2.60 percent Feb 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
3933.00 942.00 4427.30 -2074.20 1985 - 2026 JPY Billion Monthly
Current Prices, NSA

News Stream
Japan Current Account Surplus Beats Estimates
Japan’s current account surplus stood at JPY 3,932.7 billion in February 2026, little changed from JPY 3,938.4 billion a year earlier but exceeding market expectations of JPY 3,549 billion. The latest figure marked the largest surplus since September, supported mainly by stronger income flows despite weaker trade dynamics. The goods account surplus narrowed sharply to JPY 267.6 billion from JPY 809.9 billion in the prior year, as export growth (2.8%) lagged behind a faster rise in imports (9.7%). Meanwhile, the primary income surplus widened to JPY 4,240.3 billion from JPY 3,798.6 billion, remaining the key driver of the overall surplus. The services account deficit was broadly stable at JPY 284.5 billion (vs JPY 285.7 billion), while the secondary income deficit narrowed to JPY 290.8 billion from JPY 384.4 billion.
2026-04-08
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