11.11.202500:51:01UTC+00Japan Current Account Surplus Notches Record High

In September 2025, Japan's current account surplus reached an unprecedented JPY 4,483.3 billion, a significant increase from JPY 1,537.4 billion recorded in the same period the previous year, and well above the market's expectations of a JPY 2,468 billion rise. The goods account swung into a positive balance with a surplus of JPY 236.0 billion, reversing a deficit of JPY 362.1 billion from the previous year. This shift was primarily due to exports rising by 8.6%, outpacing the 1.7% growth in imports. Additionally, the primary income surplus saw substantial growth, reaching JPY 4,949.7 billion from 2,715.3 billion, largely driven by increased returns from overseas investments. Concurrently, the deficit in the services account declined to JPY 214.6 billion from JPY 313.7 billion, and the secondary income deficit improved slightly, decreasing to JPY 487.8 billion from 502.1 billion.