Japan’s current account surplus increased to JPY 3,907.8 billion in April 2026 from JPY 2,370.0 billion in the same month a year earlier, exceeding market expectations of JPY 3,137 billion. The goods account surplus surged to JPY 395.7 billion from a tiny figure in the prior year, as export growth (13.9%) outpaced imports (9.5%). Also, the primary income surplus widened to JPY 4,210.0 billion from JPY 3,649.8 billion. Meantime, the services account deficit narrowed sharply to JPY 416.0 billion from JPY 725.9 billion. Also, the secondary income deficit decreased to JPY 281.8 billion from JPY 553.1 billion.