Japan's current account surplus widened to JPY 1.44 trillion in November 2019 from JPY 0.82 trillion in the same month last year, slightly above market expectations of JPY 1.42 trillion. The goods account was practically-balanced, compared to a JPY 0.54 trillion deficit a year ago, while the services surplus widened to JPY 0.16 trillion from JPY 0.04 trillion. Meanwhile, the secondary income deficit rose to JPY 0.18 trillion from JPY 0.14 trillion, while the primary income surplus stood practically unchanged at JPY 1.46 trillion. Current Account in Japan averaged 1148.62 JPY Billion from 1985 until 2019, reaching an all time high of 3360.40 JPY Billion in March of 2007 and a record low of -1456.11 JPY Billion in January of 2014. source: Ministry of Finance, Japan
Current Account in Japan is expected to be 3080.00 JPY Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Current Account in Japan to stand at 510.00 in 12 months time. In the long-term, the Japan Current Account is projected to trend around 440.00 JPY Billion in 2020, according to our econometric models.