Japon Compte Courant

Japan’s current account surplus decreased to JPY 2,456.9 billion in October 2024 from JPY 2,823.9 billion in the same month a year earlier. Still, figures were higher than market estimates for a gain of JPY 2,318 billion, marking the 21st successive month of surplus in the current account. The primary income surplus narrowed to JPY 3,254.1 billion from JPY 3,198.1 billion in the previous year. Meanwhile, the secondary income deficit widened to JPY 482.5 billion from JPY 336.2 billion. Concurrently, the services account shifted to a shortfall of JPY 159.0 billion from the surplus of JPY 449.4 billion. In the meantime, the goods account deficit sharply dropped to JPY 155.7 billion from JPY 487.4 billion, as exports grew by 2.9 while imports fell by 0.7%.