FX.co ★ Japan Current Account Surplus Below Forecasts

In April 2025, Japan recorded a current account surplus of JPY 2,258 billion, which is an increase from the JPY 2,188 billion reported in the same month the previous year, although it fell short of the market expectations set at JPY 2,560 billion. The deficit in the goods account saw a considerable reduction to JPY 32.8 billion from JPY 635.5 billion, driven by import figures standing at JPY 8,801.9 billion against export figures of JPY 8,769.1 billion. Conversely, the services account deficit saw a slight increase, widening to JPY 768.1 billion from the previous JPY 732.9 billion. Additionally, the primary income surplus experienced a downturn, decreasing to JPY 3,589.9 billion from JPY 3,970.1 billion, while the secondary income deficit grew to JPY 531.1 billion from JPY 413.9 billion.