FX.co ★ Japan’s Current Account Surplus Nearly Doubles in December, Reaching ¥7.29 Trillion

Japan’s current account balance (n.s.a.) surged in December 2025, with the surplus rising to ¥7.288 trillion, up sharply from ¥3.674 trillion recorded in November 2025. The latest figures highlight a significant month‑on‑month strengthening in Japan’s external position.

The data, updated on 8 February 2026, indicate that Japan’s current account surplus almost doubled within a single month. While no breakdown was provided, such a steep increase typically reflects shifts in trade balances, primary income flows from overseas investments, or a combination of both.

The December 2025 result underscores Japan’s continued role as a major net creditor nation and may influence expectations around currency movements, monetary policy discussions, and external demand conditions going into 2026.