Japan's Ministry of Finance released its current account data for Japan late Monday evening. Japan's current account surplus fell to ¥520.8 billion in January from ¥960.7 billion in December, missing expectations for a surplus of ¥719.0 billion.

The goods trade surplus turned into a deficit of ¥411.0 billion in January, down from a surplus of ¥188.7 billion in December.

Exports dropped at an annual rate of 15.4% in January, while imports plunged 19.8%.

The service balance deficit was ¥226.7 billion in January.