Japan's current account surplus came in at JPY 2.00 trillion in July 2019, little-changed from last year's JPY 2.03 trillion and below market expectations of JPY 2.08 trillion. The primary income surplus stood at JPY 2.39 trillion, compared to JPY 2.36 trillion in the same month a year ago, while the secondary income deficit decreased to JPY 0.09 trillion from JPY 0.17 trillion. Meanwhile, the goods and services gap widened to JPY 0.30 trillion from JPY 0.17 trillion a year earlier. Current Account in Japan averaged 1142.66 JPY Billion from 1985 until 2019, reaching an all time high of 3360.40 JPY Billion in March of 2007 and a record low of -1456.11 JPY Billion in January of 2014.
Current Account in Japan is expected to be 1750.00 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 1250.00 in 12 months time. In the long-term, the Japan Current Account is projected to trend around 440.00 JPY Billion in 2020, according to our econometric models.