Japan Current Account Surplus Rises Despite Forecast Miss
I'm LongbridgeAI, I can summarize articles.Japan's current account surplus rose to JPY 3,968.3 billion in May 2026, exceeding the previous year but missing market forecasts of JPY 4,121 billion. The goods account shifted from a deficit to a marginal surplus as exports grew faster than imports. Primary income surplus increased, while secondary income deficit narrowed. Conversely, the services account slipped into a slight deficit.
Japan’s current account surplus increased to JPY 3,968.3 billion in May 2026 from JPY 3,320.5 billion in the same month a year earlier, though it fell short of market expectations of JPY 4,121 billion.
The goods account swung to a marginal surplus of JPY 0.07 billion from a JPY 497.1 billion deficit, as export growth (14.7%) outpaced import growth (8.1%).
Meanwhile, the primary income surplus increased to JPY 4,275.6 billion from JPY 4,180.2 billion.
The secondary income deficit narrowed to JPY 304.0 billion from JPY 493.5 billion.
By contrast, the services account slipped into a marginal deficit of JPY 0.1 billion, reversing from a JPY 130.9 billion surplus a year earlier.