Japan’s current account surplus rose to JPY 2,988.9 billion in July 2026 from JPY 2,586.3 billion in the same month a year earlier, exceeding market expectations for a JPY 2,870 billion surplus. The increase was supported by a larger primary income surplus, which climbed to JPY 4,289.6 billion from JPY 4,053.9 billion a year before, while the services deficit narrowed to JPY 512.9 billion from JPY 771.1 billion and the secondary income deficit shrank to JPY 387.9 billion from JPY 508.9 billion. Meanwhile, the goods deficit widened to JPY 399.9 billion from JPY 187.7 billion, as exports rose 24.1%, supported by strong demand for AI-related electronics, but imports grew faster at 25.9%, driven partly by higher crude oil purchases. In the first half of 2026, Japan recorded a JPY 17.43 trillion current account surplus, up from JPY 14.23 trillion in the same period a year earlier. source: Ministry of Finance, Japan

Japan recorded a Current Account surplus of 2988.90 JPY Billion in July of 2026. Current Account in Japan averaged 1272.04 JPY Billion from 1985 until 2026, reaching an all time high of 4775.40 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 September of 2026.

Japan recorded a Current Account surplus of 2988.90 JPY Billion in July 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
2026-08-09 11:50 PM
Current Account
Jun -¥923B ¥3968B ¥1512B ¥3430.0B
2026-09-07 11:50 PM
Current Account
Jul ¥2989B ¥-92B ¥2870B ¥2800.0B
2026-10-07 11:50 PM
Current Account
Aug ¥2989B



Components Last Previous Unit Reference
Current Account Goods -399.90 -135.20 JPY Billion Jul 2026
Current Account Services -512.90 -228.50 JPY Billion Jul 2026

Related Last Previous Unit Reference
Balance of Trade -634.50 -409.90 JPY Billion Jul 2026
Capital Flows 17440.00 5028.00 JPY Hundred Million Jul 2026
Current Account 2988.90 -92.30 JPY Billion Jul 2026
Exports 11511.80 10926.54 JPY Billion Jul 2026
Exports YoY 23.20 19.30 percent Jul 2026
External Debt 736125.87 761846.57 JPY Billion Jun 2026
Net Foreign Direct Investment 26213.00 15696.00 JPY Hundred Million Jul 2026
Imports 12146.30 11336.46 JPY Billion Jul 2026
Imports YoY 27.80 25.40 percent Jul 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
2988.90 -92.30 4775.40 -2069.10 1985 - 2026 JPY Billion Monthly
Current Prices, NSA

News Stream
Japan Current Account Surplus Tops Estimates
Japan’s current account surplus rose to JPY 2,988.9 billion in July 2026 from JPY 2,586.3 billion in the same month a year earlier, exceeding market expectations for a JPY 2,870 billion surplus. The increase was supported by a larger primary income surplus, which climbed to JPY 4,289.6 billion from JPY 4,053.9 billion a year before, while the services deficit narrowed to JPY 512.9 billion from JPY 771.1 billion and the secondary income deficit shrank to JPY 387.9 billion from JPY 508.9 billion. Meanwhile, the goods deficit widened to JPY 399.9 billion from JPY 187.7 billion, as exports rose 24.1%, supported by strong demand for AI-related electronics, but imports grew faster at 25.9%, driven partly by higher crude oil purchases. In the first half of 2026, Japan recorded a JPY 17.43 trillion current account surplus, up from JPY 14.23 trillion in the same period a year earlier.
2026-09-08
Japan Posts First Current Account Deficit in 17 Months
Japan’s current account swung to a deficit of JPY 92.3 billion in June 2026 from a surplus of JPY 1,281.8 billion a year earlier, falling well short of market expectations for a JPY 1,512 billion surplus. It marked the first deficit since January 2025, as the goods account shifted to a JPY 135.2 billion deficit from a JPY 467.3 billion surplus. Exports rose 16.3%, supported by strong demand for AI-related electronics, but lagged a 24.3% increase in imports, driven by higher crude oil purchases. The services deficit widened to JPY 228.5 billion from JPY 160.6 billion, while the primary income surplus fell sharply to JPY 380.1 billion from JPY 1,444.9 billion. In contrast, the secondary income deficit narrowed to JPY 108.6 billion from JPY 469.8 billion. Despite the monthly deficit, Japan recorded a JPY 17.43 trillion current account surplus in the first half of 2026, up from JPY 14.23 trillion in the same period a year earlier.
2026-08-10
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