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flag Japan’s January 2026 current account surplus, driven by stronger exports and investment income, reversed last year’s deficit.

flag 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. flag Primary income from overseas investments remained strong, contributing significantly to the surplus, while the services deficit widened. flag 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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