Japan's current account surplus shortened modestly to JPY 2103 billion in August 2020 from JPY 2135 billion in the same month of the previous year and compared to market expectations of JPY 1984 billion, owing to the coronavirus pandemic. The goods account posted a JPY 413.2 billion surplus from a JPY 30.4 billion surplus last year, with exports falling 8.8 percent and imports plunging 12.5 percent. Meanwhile, the services account gap widened to a JPY 316.6 billion deficit from a JPY 1.5 billion shortfall a year ago, while the primary income surplus dropped to JPY 2248.7 billion from JPY 2291.6 billion, whereas the secondary income gap widened to JPY 242.5 billion from JPY 185.5 billion.
Current Account in Japan averaged 1151.38 JPY Billion from 1985 until 2020, reaching an all time high of 3360.38 JPY Billion in March of 2007 and a record low of -1456.11 JPY Billion in January of 2014. This page provides - Japan Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news. Japan Current Account - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020. source: Ministry of Finance, Japan
Current Account in Japan is expected to be 510.00 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 1600.00 in 12 months time. In the long-term, the Japan Current Account is projected to trend around 440.00 JPY Billion in 2021 and 650.00 JPY Billion in 2022, according to our econometric models.