Japan’s 2024 current account surplus reached a record $193 billion, fueled by strong exports and tourism.

Japan's current account surplus hit a record high of 29.26 trillion yen ($193 billion) in 2024, up 29.5% from the previous year. This increase was driven by higher returns on foreign investments and a weaker yen, which boosted exports of semiconductors and automobiles. Despite a decline in the trade deficit, exports grew by 4.5% and imports by 1.8%. The services trade deficit decreased by 10.3%, with a record-high 36.87 million inbound visitors boosting the travel surplus by 62.4%. In December, the surplus was 1.08 trillion yen, up 17.8% year-on-year.

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