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.

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Japan Current Account



Calendar GMT Actual Previous Consensus TEForecast
2023-04-09 11:50 PM Feb ¥2197.2B ¥-1976.6B ¥2535.7B ¥1900.0B
2023-05-10 11:50 PM Mar ¥2278.1B ¥2197.2B ¥2947.3B ¥2910B
2023-06-07 11:50 PM Apr ¥2278.1B ¥2350B


Related Last Previous Unit Reference
Balance of Trade -432.41 -755.08 JPY Billion Apr 2023
Current Account 2278.10 2197.20 JPY Billion Mar 2023
Exports 8288.42 8824.00 JPY Billion Apr 2023
Imports 8720.83 9579.08 JPY Billion Apr 2023
External Debt 566525.00 607328.00 JPY Billion Dec 2022
Foreign Direct Investment 4782.75 17314.54 JPY HML Mar 2023
Capital Flows 21241.00 32763.00 JPY HML Mar 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
2278.10 2197.20 17323.00 -1976.60 1985 - 2023 JPY Billion Monthly
Current Prices, NSA

News Stream
Japan Current Account Surplus Narrows Sharply
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.
2023-05-10
Japan Current Account Switches to Surplus
Japan posted a current account surplus of JPY 2,197.2 billion in February 2023, shifting from a record deficit of JPY 1,976.6 billion in January but missing expectations of a JPY 2,535.7 billion surplus. February’s reversal reflected solid returns on the country’s securities investments amid a weak yen and higher global interest rates. Japan reported a primary income surplus of JPY 3,440.7 billion in February, more than enough to offset a goods trade deficit of JPY 604.1 billion and a services trade deficit of JPY 220.4 billion.
2023-04-10
Japan Posts Record Current Account Deficit in Jan
Japan's current account turned to a deficit of JPY 1,976.6 billion in January 2023 from a surplus of JPY 33.4 billion in December 2022, coming in below market expectations of a JPY 818.4 billion gap. It was also Japan’s largest current account deficit on record as stubbornly high energy costs weighed on the country’s economy, which is heavily reliant on imported fuel and raw materials. Imports grew annually by 22.3% to JPY 10,005 billion in January, outpacing a 3.4% rise in exports to JPY 6,823 billion. Japan also posted a primary income surplus of JPY 2,291 billion and a secondary income deficit of 327 billion.
2023-03-08