Japan’s current account surplus increased to JPY 2,833.5 billion in October 2025 from JPY 2,453.8 billion in the same month a year earlier, but below market expectations of JPY 3,109.5 billion. The goods account shifted to a surplus of JPY 0.98 billion from a shortfall of JPY 152.7 billion in the previous year, as exports rose 2.8% while imports edged up 0.1%. Also, the primary income surplus widened to JPY 3,464.6 billion from 3,190.0 billion. At the same time, the secondary income deficit narrowed to JPY 434.8 billion from 496.8 billion. However, the services account deficit widened sharply to JPY 294.6 billion from JPY 0.87 billion.