Japan Current Account Surplus Rises Despite Forecast Miss

2026-07-08 00:01 By Farida Husna 1 min. read

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.



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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.
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Japan Current Account Surplus Tops Estimates
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Japan Current Account Surplus Hits Record High
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2026-05-13