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Thomas Storring	Director – Economics and Statistics
Tel: 902-424-2410	Email: Thomas.Storring@novascotia.ca

July 09, 2026
JAPAN CURRENT ACCOUNT AND TRADE BALANCE, MAY 2026

Month-over-month (May vs April 2026)

The current account surplus narrowed by ¥1,146.6 billion to ¥3,064.5 billion.

• the goods trade surplus narrowed by ¥265.1 billion to ¥204.5 billion
• the services trade surplus declined by ¥519.9 billion to a deficit of ¥248.3 billion
• the primary income surplus narrowed by ¥248.0  billion to ¥3,441.2 billion
• the secondary income deficit widened by ¥113.5 billion to ¥332.9 billion

The goods trade surplus narrowed by ¥265.1 billion to ¥204.5 billion.

• goods exports increased by ¥183.4 billion to ¥10,374.1 billion.
• goods imports increased by ¥448.5 billion to ¥10,169.6 billion.

Source: Ministry of Finance, Japan. https://www.mof.go.jp/international_policy/reference/balance_of_payments/bp_trend/bpnet/sbp/s-a/6s-a-2.csv