FX.co ★ Japan Current Account Surplus Rises as Expected

In March 2025, Japan experienced an increase in its current account surplus, reaching JPY 3,678.1 billion, compared to JPY 3,447.8 billion in the same month of the previous year. This aligns with market forecasts. The goods account surplus saw an expansion to JPY 516.5 billion from JPY 463.5 billion the previous year, as the growth in exports (1.8%) outpaced that of imports (1.3%). Moreover, the primary income surplus increased to JPY 3,920.2 billion, up from JPY 3,607.4 billion. Conversely, the services account deficit expanded slightly to JPY 0.2 billion, a rise from the negligible JPY 0.05 billion recorded the previous year. Additionally, the secondary income deficit rose to JPY 739.4 billion from JPY 618.6 billion.