An AC-AC converter includes a first semiconductor switch series circuit, a second semiconductor switch series circuit, and a capacitor series circuit are connected in parallel. A first inductor is connected between one end of an alternating current input and a series connection point of the first semiconductor switch series circuit. A bidirectional switch is connected between the one end of the alternating current input and a series connection point of the second semiconductor switch series circuit. A second inductor is connected between the series connection point of the second semiconductor switch series circuit and one end of an alternating current output. A series connection point of the capacitor series circuit is connected to the other end of the alternating current input and the other end of the alternating current output.