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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
JapanJapan Current Account climbed to 2,989B in July 2026
FMPMonthlyReleased September 2026
Japan Current Account climbed to 2,989B in July 2026, released September 2026, up 3,081B from June's -92B reading. The reading matched the 2,870B consensus. The print is running well below the 12-month average of 3,213.9B. Over the past 3 months, Current Account averaged 1,522.5B, vs 4,174B in the prior 3-month window. The reading is in the 46th percentile of the trailing 24-month range.
Latest Release
2989
Actual
2870
Consensus
-92
Previous
Median Absolute Error
±866.75 billion
across last 12 releases
Last Call
Sep 2026
Predicted: 2,222.93
Actual: 2,989
Error: -766.07
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| GBP/JPY | ▼ Inverse | −0.56 | FOREX | Moves against | → View |
| USD/JPY | ▼ Inverse | −0.53 | FOREX | Moves against | → View |
| AUD/JPY | ▼ Inverse | −0.40 | FOREX | Moves against | → View |
| Nikkei 225 | ▲ Direct | +0.39 | INDEX | Moves with | → View |
| Hang Seng | ▲ Direct | +0.36 | INDEX | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Current Account (Japan) was reported at 2,989.00 billion in September 2026. This beat the market consensus of 2,870.00 billion by 119.00 billion. The reading rose from the previous value of -92.00 billion. Trailing 12-month context per ETL data through September 2026. Over the past 12 months, the indicator has averaged 3,135.23 billion, ranging from -923.00 billion to 7,288.00 billion across 12 releases. This is classified as a medium-impact indicator released on a monthly basis.
WHY IT MATTERS
The trailing three releases averaged 2,011.33 billion, down from the prior three at 3,176.87 billion. Volatility over the past year (σ 2,134.01 billion) is higher than the prior year (σ 1,250.97 billion). In September readings over the past 3 years, Current Account has averaged 2,955.33 billion.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with GBP/JPY (Bearish GBP). A secondary relationship exists with USD/JPY, negatively correlated (Bearish USD). Over the last 12 releases, the Sigmacast model's median absolute error is 866.75 billion.
WHAT TO WATCH NEXT
The next release is scheduled for October 7, 2026. Same-country events in the next 14 days include Exports YoY (Sep 15) and Balance of Trade (Sep 15).
Auto-generated from current model state · Refreshes on each release · Last update September 2026.
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Current Account - JP
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About Current Account — Japan
DEFINITION
The Current Account is a financial indicator that measures a country's trade balance, including the value of goods and services exported and imported, as well as income received and payments made to other countries. It provides insight into a nation's economic health and its ability to pay for imports and service its debt. A positive current account balance indicates a surplus, while a negative balance indicates a deficit. This indicator is closely monitored by investors, policymakers, and economists as it can impact a country's currency value and overall economic stability.
WHY THIS INDICATOR MATTERS
Trade-balance and tariff data inform exchange-rate fundamentals and feed directly into GDP via the net-exports channel. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Jul 2026): actual 2,989 T, consensus 2,870 T. Prior reading (Jun 2026): 923 T. Before that (May 2026): 3,968 T.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a lower reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with GBP/JPY (Bearish GBP, r=-0.56) — a useful reference for forex-focused traders.
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Economic Calendar - JP Events
| Monday, September 14, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 04:30 | JP | Capacity Utilization | 0.5 | 4.1 | -1.3 | -0.40 | Low |
| 04:30 | JP | Industrial Production MoM | -0.2 | 1.9 | 0.1 | -0.05 | Low |
| 04:30 | JP | Industrial Production YoY | 3.9 | 4.9 | 4.1 | 4.00 | Low |
| Tuesday, September 15, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 04:30 | JP | Tertiary Industry Index MoM | -0.2 | 0.3 | 0.70 | Low | |
| 23:50 | JP | Exports YoY | 23.2 | 18.2 | 18.60 | Medium | |
| 23:50 | JP | Balance of Trade | -634.5 | -1052.6 | -959.65 | High | |
| 23:50 | JP | Imports YoY | 27.8 | 26.3 | 26.15 | Low | |
| 23:50 | JP | Machinery Orders MoM | 9.7 | -2.8 | 1.10 | Medium | |
| 23:50 | JP | Machinery Orders YoY | 16.9 | 15.3 | 18.45 | Medium | |
| 23:50 | JP | Adjusted Trade Balance | -0.69 | -0.98 | -0.92 | Medium | |