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Japan’s January 2026 current account surplus, driven by stronger exports and investment income, reversed last year’s deficit.
Japan recorded a current account surplus of 941.6 billion yen in January 2026, slightly below expectations, driven by a 20.3% year-on-year export rise and a 7.7% drop in imports, narrowing the goods trade deficit.
Primary income from overseas investments remained strong, contributing significantly to the surplus, while the services deficit widened.
The surplus marks a reversal from January 2025’s deficit and follows a record full-year 2025 surplus, reflecting Japan’s growing reliance on income from foreign assets.
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El superávit de la cuenta corriente de Japón en enero de 2026, impulsado por el aumento de las exportaciones y los ingresos por inversiones, revirtió el déficit del año pasado.