Japan's current account surplus decreased to 501.1 billion yen in April 2022, down 628 billion yen from the same month a year earlier, as record imports overwhelmed exports. It was the third straight month of a surplus and broadly in line with market estimates for a surplus of 511 billion yen. Surging energy prices pushed up overall imports by 32.8% year-on-year to a record amount, outpacing export growth led by steel and car shipments. The current account data underscored the change in Japan's economic structure as the country earns hefty returns from its portfolio investment and direct investment overseas, which have replaced trade as a main driver of its current account gains. source: Ministry of Finance, Japan

Current Account in Japan averaged 1192.52 JPY Billion from 1985 until 2022, reaching an all time high of 17323 JPY Billion in November of 2020 and a record low of -1456.11 JPY Billion in January of 2014. 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 July of 2022.

Current Account in Japan is expected to be 1600.00 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 1750.00 JPY Billion in 2023, according to our econometric models.

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Japan Current Account



Calendar GMT Actual Previous Consensus TEForecast
2022-05-11 11:50 PM Mar ¥2549.3B ¥1648.3B ¥1752.3B ¥1800B
2022-06-07 11:50 PM Apr ¥501.1B ¥2549.3B ¥511B ¥700B
2022-07-07 11:50 PM May ¥501.1B ¥185.6B ¥170B


Related Last Previous Unit Reference
Balance of Trade -2384.70 -842.80 JPY Billion May 2022
Current Account 501.10 2549.30 JPY Billion Apr 2022
Imports 9636.74 8915.41 JPY Billion May 2022
Exports 7252.07 8076.24 JPY Billion May 2022
External Debt 559569.00 530973.00 JPY Billion Mar 2022
Capital Flows -9473.00 14764.00 JPY HML Apr 2022
Foreign Direct Investment 8064.60 1125.04 JPY HML Apr 2022

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
501.10 2549.30 17323.00 -1456.11 1985 - 2022 JPY Billion Monthly
Current Prices, NSA

News Stream
Japan Current Account Surplus Drops on Record Imports
Japan's current account surplus decreased to 501.1 billion yen in April 2022, down 628 billion yen from the same month a year earlier, as record imports overwhelmed exports. It was the third straight month of a surplus and broadly in line with market estimates for a surplus of 511 billion yen. Surging energy prices pushed up overall imports by 32.8% year-on-year to a record amount, outpacing export growth led by steel and car shipments. The current account data underscored the change in Japan's economic structure as the country earns hefty returns from its portfolio investment and direct investment overseas, which have replaced trade as a main driver of its current account gains.
2022-06-08
Japan Current Account Surplus Higher Than Expected
Japan’s current account surplus increased to 2,549.3 billion yen in March 2022 from 1,648.3 billion yen in the previous month, remaining positive for the second consecutive month. The latest figure also posted higher than market expectations for a surplus of 1,752.3 billion yen. Among key components, Japan had a goods trade deficit of 166.1 billion yen and a services trade deficit of 127.7 billion yen. Primary income, which reflects returns on overseas investments, registered a surplus of 3,260 billion yen. For fiscal 2021 through March, the country logged a current account surplus of 12.64 trillion yen.
2022-05-12
Japan Current Account Surplus Drops Less than Expected
Japan's current account surplus decreased to JPY 1,648.3 billion in February 2022 from JPY 2,866.0 billion in the same month of the previous year and compared with market consensus of a surplus of JPY 1,436.8 billion. The surplus of primary income fell to JPY 2,274.5 billion from JPY 2,553.0 billion a year earlier. At the same time, the gap of services account widened to JPY 203.5 billion from JPY 0.432 billion and that of secondary income increased to JPY 245.9 billion from JPY 166.4 billion in the previous year. Meanwhile, the shortfall of goods account narrowed to JPY 176.8 billion from JPY 522.6 billion a year earlier, with exports growing by 19.8 percent while imports jumped 34.2 percent on the back of soaring prices of commodities and raw materials.
2022-04-08