Japan’s current account surplus decreased sharply to JPY 2,372.3 billion in September 2026 from JPY 4,375.8 billion in the same month a year earlier, falling short of market expectations of a surplus of JPY 3,354.4 billion. The primary income surplus shrank to JPY 3,553.5 billion from JPY 4,874.8 billion, while the services deficit widened to JPY 456.9 billion from JPY 254.1 billion and the secondary income deficit increased to JPY 536.8 billion from JPY 491.5 billion. Meanwhile, the goods account swung to a JPY 187.5 billion deficit from a JPY 246.6 billion surplus, as imports rose 17.8%, outpacing 12.8% export growth. Exports benefited from strong AI-related electronics demand, while imports were partly driven by higher crude oil purchases. In the first half of fiscal 2026, Japan’s trade surplus was little changed at JPY 17.15 trillion, compared with JPY 17.22 trillion a year earlier. source: Ministry of Finance, Japan

Japan recorded a Current Account surplus of 2372.30 JPY Billion in September of 2026. Current Account in Japan averaged 1279.53 JPY Billion from 1985 until 2026, reaching an all time high of 4775.40 JPY Billion in March of 2026 and a record low of -2069.10 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 November of 2026.

Japan recorded a Current Account surplus of 2372.30 JPY Billion in September of 2026. Current Account in Japan is expected to be 980.00 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 1200.00 JPY Billion in 2027 and 1400.00 JPY Billion in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-10-07 11:50 PM
Current Account
Aug ¥4062B ¥2989B ¥3194.6B ¥3100.0B
2026-11-09 11:50 PM
Current Account
Sep ¥2372B ¥3993B ¥3354.4B ¥ 3100.0B
2026-12-07 11:50 PM
Current Account
Oct ¥2372B



Components Last Previous Unit Reference
Current Account Goods -187.50 -687.70 JPY Billion Sep 2026
Current Account Services -456.90 -115.80 JPY Billion Sep 2026

Related Last Previous Unit Reference
Balance of Trade -536.60 -1111.90 JPY Billion Sep 2026
Capital Flows 34108.00 21435.00 JPY Hundred Million Sep 2026
Current Account 2372.30 3993.10 JPY Billion Sep 2026
Exports 10972.25 10043.27 JPY Billion Sep 2026
Exports YoY 16.70 19.30 percent Sep 2026
External Debt 736125.87 761846.57 JPY Billion Jun 2026
Net Foreign Direct Investment 5237.00 -10853.00 JPY Hundred Million Sep 2026
Imports 11508.81 11153.98 JPY Billion Sep 2026
Imports YoY 18.90 28.00 percent Sep 2026


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
2372.30 3993.10 4775.40 -2069.10 1985 - 2026 JPY Billion Monthly
Current Prices, NSA

News Stream
Japan Current Account Surplus Below Estimates
Japan’s current account surplus decreased sharply to JPY 2,372.3 billion in September 2026 from JPY 4,375.8 billion in the same month a year earlier, falling short of market expectations of a surplus of JPY 3,354.4 billion. The primary income surplus shrank to JPY 3,553.5 billion from JPY 4,874.8 billion, while the services deficit widened to JPY 456.9 billion from JPY 254.1 billion and the secondary income deficit increased to JPY 536.8 billion from JPY 491.5 billion. Meanwhile, the goods account swung to a JPY 187.5 billion deficit from a JPY 246.6 billion surplus, as imports rose 17.8%, outpacing 12.8% export growth. Exports benefited from strong AI-related electronics demand, while imports were partly driven by higher crude oil purchases. In the first half of fiscal 2026, Japan’s trade surplus was little changed at JPY 17.15 trillion, compared with JPY 17.22 trillion a year earlier.
2026-11-10
Japan Current Account Surplus Above Forecasts
Japan’s current account surplus rose to JPY 4,062.0 billion in August 2026 from JPY 3,628.1 billion in the same month a year earlier, surpassing market expectations for a JPY 3,194 billion surplus. Primary income surplus increased to JPY 5,133.2 billion from JPY 4,222.7 billion a year earlier, while the services deficit narrowed to JPY 115.8 billion from JPY 266.7 billion and the secondary income deficit shrank to JPY 267.7 billion from JPY 441.7 billion. Meanwhile, the goods account shifted to a deficit of JPY 687.7 billion from a surplus of JPY 113.8 billion, as exports rose 16.9%, largely supported by strong demand for AI-related electronics, but imports grew faster at 26.7%, driven partly by higher crude oil purchases. In the first half of 2026, Japan's trade surplus widened to JPY 17.43 trillion from JPY 14.23 trillion in the same period a year earlier.
2026-10-07
Japan Current Account Surplus Tops Estimates
Japan’s current account surplus rose to JPY 2,988.9 billion in July 2026 from JPY 2,586.3 billion in the same month a year earlier, exceeding market expectations for a JPY 2,870 billion surplus. The increase was supported by a larger primary income surplus, which climbed to JPY 4,289.6 billion from JPY 4,053.9 billion a year before, while the services deficit narrowed to JPY 512.9 billion from JPY 771.1 billion and the secondary income deficit shrank to JPY 387.9 billion from JPY 508.9 billion. Meanwhile, the goods deficit widened to JPY 399.9 billion from JPY 187.7 billion, as exports rose 24.1%, supported by strong demand for AI-related electronics, but imports grew faster at 25.9%, driven partly by higher crude oil purchases. In the first half of 2026, Japan recorded a JPY 17.43 trillion current account surplus, up from JPY 14.23 trillion in the same period a year earlier.
2026-09-08