Japan's current account surplus decreased sharply to JPY 2,278.1 billion in March 2022 from JPY 3,235.3 billion in the same month a year earlier. While marking the second straight month of surplus in the current account, the latest reading came below market expectations of a gain of JPY 2,947.3 billion as the surplus of primary income fell to JPY 3,361.0 billion from JPY 3,891.4 billion in the prior year. At the same time, the shortfall of secondary income increased to JPY 570.3 billion from JPY 415.7 billion. Meanwhile, the deficit of goods account jumped to JPY 454.4 billion from JPY 149.9 billion a year ago, with exports growing by 3.6 percent year-on-year while imports rising at a faster 7.1 percent. Further, the gap in services account narrowed to JPY 0.58 billion from JPY 0.90 billion. source: Ministry of Finance, Japan
Current Account in Japan averaged 1176.98 JPY Billion from 1985 until 2023, reaching an all time high of 17323.00 JPY Billion in November of 2020 and a record low of -1976.60 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 June of 2023.
Current Account in Japan is expected to be 1050.00 JPY Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations.