Japan Records $18.1 Billion Current Account Surplus in July 2025

Japan reported a current account surplus of 2.68 trillion yen ($18.1 billion) in July 2025, according to preliminary data from the Finance Ministry. The figure marked a 19.1 percent decline compared to the same month last year.

Key Highlights from July 2025 Data

• Current Account Surplus: 2.68 trillion yen ($18.1 billion), down 19.1 percent year-on-year
• Goods Trade: Deficit of 189.4 billion yen, exports fell 4.9 percent to 9.01 trillion yen
• Primary Income: Surplus of 4.07 trillion yen, supported by overseas investments
• Services Trade: Deficit widened to 695.6 billion yen from 581.4 billion yen
• Travel Balance: Surplus dipped to 529.8 billion yen, foreign visitor spending still outpaced outbound Japanese travel

Tourism and Travel Data

• Foreign visitors to Japan: 3.44 million, up 4.4 percent year-on-year
• Outbound Japanese travelers: 1.21 million, up 14.9 percent year-on-year

The data highlights continued pressure from weak exports and rising service imports, while overseas investment returns and steady tourism inflows helped sustain the surplus.

Table: Japan’s Current Account Components, July 2025