Japan Current Account

Japan's current account surplus decreased to JPY 1,665.6 billion in August 2021 from JPY 2,085.2 billion in the same month of the previous year and compared with market expectations of a surplus of JPY 1,540.9 billion. The goods account surplus fell to JPY 372.4 billion from JPY 404.4 billion a year earlier, as exports rose 27.1 percent while imports went up at a faster 45.9 percent. Meanwhile, the primary income surplus rose to JPY 2,435. 9 billion from JPY 2,254.7 billion in the prior year, with the services account shortfall narrowing to JPY 194.9 billion from JPY 326.2 billion and the secondary income gap declining to JPY 193.1 billion from JPY 247.8 billion.