Japan Current Account Surplus Rises as Expected

2025-05-12 00:03 By Farida Husna 1 min. read

Japan’s current account surplus rose to JPY 3,678.1 billion in March 2025 from JPY 3,447.8 billion a year earlier, broadly in line with market expectations.

The goods account surplus expanded to JPY 516.5 billion from JPY 463.5 billion, as exports grew 1.8% year-on-year, outpacing the 1.3% rise in imports.

The primary income surplus also increased notably to JPY 3,920.2 billion from JPY 3,607.4 billion.

However, the services account deficit widened slightly to JPY 0.2 billion from JPY 0.05 billion, while the secondary income deficit grew to JPY 739.4 billion from JPY 618.6 billion.

In February 2025, Japan posted a record current account surplus of JPY 4,061 billion.

For the full fiscal year 2024, the surplus widened to JPY 30.38 trillion from JPY 26.17 trillion in the previous year, reflecting strong gains in primary income and resilient exports.



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