Japan's current account surplus jumped to JPY 1,508.8 billion in June 2023 from JPY 497.9 billion in the same month a year earlier, exceeding market forecasts of a gain of JPY 1,395 billion. This was the fifth straight month of surplus in the current account, as the goods account shifted to a gain of JPY 3,287 billion from a shortfall of JPY 11,048 billion in the prior year, with exports edging up 0.5 percent year-on-year while imports tumbling 14.3 percent. Meantime, the surplus of primary income narrowed to JPY 16,825 billion from JPY 18,495 billion while the gap in the services account widened to JPY 3,582 billion from JPY 2,563 billion. Additionally, the secondary income posted a gap of JPY 144.1 billion after gaining a tiny surplus a year ago. source: Ministry of Finance, Japan

Current Account in Japan averaged 1165.57 JPY Billion from 1985 until 2023, reaching an all time high of 3360.38 JPY Billion in March of 2007 and a record low of -1908.08 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 August of 2023.

Current Account in Japan is expected to be 1200.00 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 1840.00 JPY Billion in 2024 and 920.00 JPY Billion in 2025, according to our econometric models.

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Japan Current Account



Calendar GMT Reference Actual Previous Consensus TEForecast
2023-07-09 11:50 PM May ¥1862.4B ¥1895.1B ¥1884.5B ¥1851B
2023-08-07 11:50 PM Jun ¥1508.8B ¥1862.4B ¥1395B ¥ 1920.0B
2023-09-07 11:50 PM Jul ¥1508.8B ¥1410.0B


Related Last Previous Unit Reference
Balance of Trade -78.73 43.10 JPY Billion Jul 2023
Current Account 1508.84 1862.44 JPY Billion Jun 2023
Exports 8724.97 8743.84 JPY Billion Jul 2023
Imports 8803.70 8700.74 JPY Billion Jul 2023
External Debt 603088.00 582390.00 JPY Billion Mar 2023
Foreign Direct Investment 16409.21 20548.60 JPY Hundred Million Jun 2023
Capital Flows 5031.00 7358.00 JPY Hundred Million Jun 2023

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
1508.84 1862.44 3360.38 -1908.08 1985 - 2023 JPY Billion Monthly
Current Prices, NSA

News Stream
Japan Current Account Surplus Surges in June
Japan's current account surplus jumped to JPY 1,508.8 billion in June 2023 from JPY 497.9 billion in the same month a year earlier, exceeding market forecasts of a gain of JPY 1,395 billion. This was the fifth straight month of surplus in the current account, as the goods account shifted to a gain of JPY 3,287 billion from a shortfall of JPY 11,048 billion in the prior year, with exports edging up 0.5 percent year-on-year while imports tumbling 14.3 percent. Meantime, the surplus of primary income narrowed to JPY 16,825 billion from JPY 18,495 billion while the gap in the services account widened to JPY 3,582 billion from JPY 2,563 billion. Additionally, the secondary income posted a gap of JPY 144.1 billion after gaining a tiny surplus a year ago.
2023-08-07
Japan Current Account Surplus Below Forecasts
Japan's current account surplus jumped to JPY 1,862.4 billion in May 2023 from JPY 773..4 billion in the same month a year earlier. This was the fourth straight month of surplus in the current account, compared with market estimates of a gain of JPY 1,884.5 billion, as the surplus of primary income increased to JPY 3,631.9 billion from JPY 3,105.2 billion in the prior year. At the same time, the deficit of goods account decreased sharply to JPY 1,186.74 billion from JPY 1,938.1 billion, with exports falling by 2.8 percent year-on-year while imports falling at a steeper 10.2 percent. Meanwhile, the gap in services account widened to JPY 240.9 billion from JPY 181.9 billion a year ago. The shortfall of secondary income increased to JPY 341.8. billion from JPY 211.8 billion.
2023-07-10
Japan Current Account Surplus Surges in April
Japan's current account surplus jumped to JPY 1,895.1 billion in April 2023 from JPY 1,075.1 billion in the same month a year earlier. This was the third straight month of surplus in the current account, topping market estimates of a gain of JPY 1,663.8 billion, as the surplus of primary income increased to JPY 3,066.3 billion from JPY 2,974.2 billion in the prior year. At the same time, the deficit of goods account plunged to JPY 113.1.4 billion from JPY 684.1 billion, with exports growing by 2.6 percent year-on-year while imports falling 4.1 percent. Further, the gap in services account narrowed to JPY 646.5 billion from JPY 1,002.8 billion a year ago. Meantime, the shortfall of secondary income increased to JPY 411.1 billion from JPY 212.2 billion.
2023-06-07