Japan Current Account Balance
The current account records Japan's transactions with the rest of the world in goods, services and income. This page shows the monthly current account balance and three of its components: the goods trade balance (exports minus imports of goods), the services balance and primary income (mainly returns on overseas investments). Figures are not seasonally adjusted.
📖 How to read this indicator
Japan's current account has long been in surplus mainly because of primary income: dividends and interest from its large overseas assets more than offset trade deficits in years of high energy prices. Monthly figures have a seasonal pattern (for example, a weak trade balance in January), so compare a month with the same month a year earlier.
Data table
| Month | Current account | Goods trade balance | Services balance | Primary income |
|---|---|---|---|---|
| Jun 2026 | -0.09 | -0.14 | -0.23 | 0.38 |
| May 2026 | 3.97 | 0.01 | -0.01 | 4.28 |
| Apr 2026 | 3.91 | 0.40 | -0.42 | 4.21 |
| Mar 2026 | 4.78 | 0.82 | -0.18 | 4.65 |
| Feb 2026 | 3.93 | 0.27 | -0.28 | 4.24 |
| Jan 2026 | 0.94 | -0.61 | -0.71 | 2.74 |
| Dec 2025 | 0.93 | 0.12 | -0.29 | 1.35 |
| Nov 2025 | 3.68 | 0.59 | 0.00 | 3.37 |
| Oct 2025 | 2.74 | 0.01 | -0.29 | 3.46 |
| Sep 2025 | 4.44 | 0.25 | -0.25 | 4.94 |
| Aug 2025 | 3.63 | 0.11 | -0.27 | 4.22 |
| Jul 2025 | 2.59 | -0.19 | -0.77 | 4.05 |
| Jun 2025 | 1.28 | 0.47 | -0.16 | 1.44 |
| May 2025 | 3.32 | -0.50 | 0.13 | 4.18 |
| Apr 2025 | 2.37 | 0.00 | -0.73 | 3.65 |
| Mar 2025 | 3.63 | 0.61 | -0.04 | 3.83 |
| Feb 2025 | 3.94 | 0.81 | -0.29 | 3.80 |
| Jan 2025 | -0.31 | -2.85 | -0.50 | 3.52 |
| Dec 2024 | 1.06 | 0.12 | -0.04 | 1.27 |
| Nov 2024 | 3.31 | 0.20 | 0.20 | 3.38 |
| Oct 2024 | 2.35 | -0.07 | -0.22 | 3.19 |
| Sep 2024 | 1.71 | -0.28 | -0.31 | 2.84 |
| Aug 2024 | 3.85 | -0.27 | -0.17 | 4.76 |
| Jul 2024 | 3.57 | -0.39 | -0.60 | 4.85 |
| Jun 2024 | 1.92 | 0.66 | -0.36 | 1.81 |
| May 2024 | 2.92 | -1.01 | -0.08 | 4.32 |
| Apr 2024 | 2.10 | -0.55 | -0.74 | 3.85 |
| Mar 2024 | 3.44 | 0.52 | -0.01 | 3.58 |
| Feb 2024 | 2.75 | -0.23 | -0.12 | 3.49 |
| Jan 2024 | 0.31 | -1.41 | -0.76 | 2.99 |
| Dec 2023 | 0.93 | 0.13 | -0.33 | 1.40 |
| Nov 2023 | 2.13 | -0.68 | -0.01 | 3.11 |
| Oct 2023 | 2.79 | -0.50 | 0.38 | 3.24 |
| Sep 2023 | 2.97 | 0.38 | -0.34 | 3.32 |
| Aug 2023 | 2.39 | -0.75 | -0.30 | 3.75 |
| Jul 2023 | 2.94 | 0.12 | -0.60 | 3.76 |
| Jun 2023 | 1.70 | 0.31 | -0.35 | 1.88 |
| May 2023 | 2.18 | -1.19 | -0.19 | 3.88 |
| Apr 2023 | 1.89 | -0.20 | -0.61 | 3.12 |
| Mar 2023 | 2.35 | -0.47 | -0.04 | 3.43 |
| Feb 2023 | 2.28 | -0.55 | -0.23 | 3.48 |
| Jan 2023 | -2.07 | -3.22 | -0.72 | 2.19 |
| Dec 2022 | 0.28 | -1.21 | -0.28 | 1.95 |
| Nov 2022 | 1.80 | -1.50 | -0.13 | 3.65 |
| Oct 2022 | -0.05 | -1.84 | -0.70 | 2.77 |
| Sep 2022 | 0.79 | -1.79 | -0.34 | 3.14 |
| Aug 2022 | 0.62 | -2.43 | -0.69 | 3.92 |
| Jul 2022 | 0.82 | -1.18 | -0.84 | 3.04 |
| Jun 2022 | 0.48 | -1.09 | -0.26 | 1.83 |
| May 2022 | 0.76 | -1.92 | -0.19 | 3.08 |
FAQ
Why does Japan have a current account surplus even when it runs a trade deficit?
Japan earns large primary income from its overseas assets, such as dividends from foreign subsidiaries and interest on foreign bonds. This income has been larger than the deficits in goods and services trade.