Tokyo Bucks LDP, Elects First Woman Governor

Japan | Elected Tokyo’s first female governor, Yuriko Koike has made history in Japan. She ran as an independent in defiance of her party—the ruling Liberal Democratic Party—which supported the lesser-known Hiroya Masuda. Koike, 64 years old and a veteran politician, hopes to bring the city’s financial center back to its former glory.

Central bank

Bank of Japan

International Reserves

US$ 1.327 trillion (Source: IMF; Data updated: 2014)

Gross Domestic Product - GDP

US$ 4.882 trillion (2015 estimate)

GDP (Purchasing Power Parity)

4,917 trillion of International dollars (2015 estimate)

Real GDP growth
2003 2004 2005 2006 2007 2008 2009 2010
1.4% 2.7% 1.3% 1.7% 2.2% -1.0% -5.5% 4.7%
2011 2012 2013 2014* 2015*      
-0.5% 1.5% 1.5% 0.9% 0.8%      


GDP per capita - current prices

US$ 38,522 (2015 estimate)

GDP per capita - PPP

38,797 International Dollars (2015 estimate)

GDP (PPP) - share of world total
1980 1990 2000 2010 2015*
7.79% 8.89% 6.66% 4.94% 4.43%


GDP - composition by sector
  • agriculture: 1.1% 
  • industry: 25.6% 
  • services: 73.2% (2013 estimate)
Gross domestic expenditure on R&D; (% of GDP)

3.3% (2010)


2011 2012 2013 2014* 2015*
-0.3% 0.0% 0.4% 2.7%



Unemployment rate
2011 2012 2013 2014* 2015*
4.6% 4.3% 4.0% 3.7% 3.8%


Household saving rates

0.6% (2014 forecast)


Public debt (General government gross debt as a % of GDP)
2010 2011 2012 2013 2014* 2015*
216.0% 229.8% 237.3% 243.2% 245.1%



Public deficit (General government net lending/borrowing as a % of GDP)
2010 2011 2012 2013 2014* 2015*
-9.3% -9.8% -8.7% -8.2% -7.1%



Government bond ratings

Standard & Poor's: AA-

Moody's rating: Aa3

Moody's outlook: STA

(Foreign Currency Government Bond Ratings; Data last updated Sept 2014)

Market value of publicly traded shares
2010* 2011 2012**
US$NA US$3.541 trillion US$3.681 trillion

*2010 Estimate      **2012 Estimate   

Largest companies in Japan

Toyota Motor, Mitsubishi UFJ Financial, Sumitomo Mitsui Financial, Nippon Telegraph & Tel, Honda Motor, Softbank, Mizuho Financial, Nissan Motor, Mitsubishi Corp, Hitachi, Mitsui & Co, KDDI, Tokio Marine Holdings, Denso, Nomura Holdings, Nippon Steel & Sumitomo Metal, Japan Tobacco, Itochu, Seven & I Holdings, Canon, Sony, East Japan Railway, Panasonic, Sumitomo Corp, MS&AD Insurance, JX Holdings, Bridgestone, Dai-ichi Life Insurance, Marubeni, Central Japan Railway, Mitsubishi Heavy Industries, Mitsubishi Electric, Takeda Pharmaceutical, Sumitomo Mitsui Trust, Toshiba, Orix, NKSJ Holdings, Komatsu, Inpex, Mitsui Fudosan, Fuji Heavy Industries, Suzuki Motor, JFE Holdings, Resona Holdings, Toyota Industries, Daiwa Securities, Tokyo Electric Power, Mitsubishi Estate, T&D Holdings, Aeon, Fujifilm Holdings, Kirin Holdings, Toyota Tsusho, Otsuka Holding, Kyocera, Shin-Etsu Chemical, Kubota, Aisin Seiki, Daikin Industries, Mazda Motor, Daiwa House Industry, Tokyo Gas, Sumitomo Electric, Sumitomo Realty, Astellas Pharma, Mitsubishi Motors, Asahi Kasei, Fast Retailing, Asahi Group Holdings, Isuzu Motors, Ricoh, Toray Industries, Sekisui House, Daiichi Sankyo, Idemitsu Kosan, Kansai Electric Power, Fujitsu, Dentsu, Mitsubishi Chemical, Japan Airlines, West Japan Railway, Kao Corp, Murata Manufacturing, Chubu Electric Power, Lixil Group, Rakuten, Fanuc, Tokyu, Secom, Kobe Steel, NEC, Nippon Yusen, Sumitomo Metal Mining, Showa Shell Sekiyu, Bank of Yokohama, Hankyu Hanshin Holdings, Kyushu Electric Power, Sumitomo Chemical, IHI, All Nippon Airways, Mitsubishi Materials, Tohoku Electric Power, Shizuoka Bank, Suntory Beverage & Food, Daito Trust Construction, Yamato Holdings, Kawasaki Heavy Industries, Keyence, Sharp, SMC Corp, Osaka Gas, Asahi Glass, Kintetsu, Dai Nippon Printing, Mitsubishi UFJ Lease, Chiba Bank, Sojitz, Nidec, Yamaha Motor, Nintendo, Cosmo Oil, Oriental Land, Ajinomoto, Oji Holdings, Century Tokyo Leasing, Mitsui OSK Lines, Chugoku Electric Power, Shinsei Bank, Eisai, Nikon, Taisei, OMRON, Seiko Epson, Hoya, Nitto Denko, Obayashi, JGC, Medipal Holdings, Aozora Bank, Kajima, Unicharm, Toppan Printing, Sekisui Chemical, Yamaguchi Financial, Nippon Express, Alfresa Holdings, Shimizu, Fukuoka Financial Group, Renesas Electronics, Mitsui Chemicals, Olympus, Electric Power Development, Yamada Denki, Terumo, Isetan Mitsukoshi Holdings, Hachijuni Bank, Nippon Paper Industries, Suzuken, Joyo Bank, Hokuhoku Financial Group, Iyo Bank, Kawasaki Kisen Kaisha, J Front Retailing, TDK, Nishi-Nippon City Bank, 77 Bank, Chugoku Bank, North Pacific Bank, Bank of Kyoto, Hiroshima Bank, Tobu Railway, Gunma Bank, Sumitomo Rubber, JTEKT, Juroku Bank, Ashikaga Holdings, Shionogi & Co., Sega Sammy Holdings, Senshu Ikeda Holdings, Nanto Bank, Hyakugo Bank, Ogaki Kyoritsu Bank, Daishi Bank, Shiga Bank, Suruga Bank, Toho Bank, Orient, Credit Saison, Tokyo Electron, Higo Bank, Hanwa, San-In Godo Bank, Hyakujushi Bank, Keiyo Bank, Musashino Bank, Hokkaido Electric Power, Kagoshima Bank, Japan Exchange Group, Lawson, Shimano, Japan Securities, Gungho Online Entertainment, Shiseido, Hokkoku Bank, Bank of Nagoya, Taiheiyo Cement, Bank of Iwate, NSK, Tosoh, SBI Holdings, Yamanashi Chuo Bank, Oita Bank, Awa Bank, Aichi Bank, Makita, Nippon Steel Trading, Toho Holdings, Toyota Boshoku, Konica Minolta, Jaccs, Tomony Holdings, Fuji Electric, Meiji Holdings, Odakyu Electric Railway, Shikoku Bank, UNY Group Holdings

Current account balance

US$ 57.156 billion (2014 estimate)

Current account balance by percentage of GDP

1.179% of GDP (2014 estimate)

Exports as percent of GDP(Exports of goods and services)

14.7% (2012)

(Data released on Oct 2014)

Shares in world total merchandising export

4.34% (2012)

(Data were released in March 2014)

Shares in world total commercial services export

3.25% (2012)

(Data were released in 2014)

Total exports

US$ 697 billion (2013 estimate) 

Export commodities

motor vehicles 13.6%; semiconductors 6.2%; iron and steel products 5.5%; auto parts 4.6%; plastic materials 3.5%; power generating machinery 3.5%

Total imports

US$ 766.6 billion (2013 estimate) 

Import commodities

petroleum 15.5%; liquid natural gas 5.7%; clothing 3.9%; semiconductors 3.5%; coal 3.5%; audio and visual apparatus 2.7% (2011 est.)

Exports - major partners

China 18.1%, US 17.8%, South Korea 7.7%, Thailand 5.5%, Hong Kong 5.1% (2012)

Imports - major partners

China 21.3%, US 8.8%, Australia 6.4%, Saudi Arabia 6.2%, UAE 5%, South Korea 4.6%, Qatar 4% (2012)

FDI inflows
2011 2012 2013
US$ -1,758 million US$ 1,732 million US$ 2,304 million
FDI outflows
2011 2012 2013  
US$ 107,599 million US$ 122,549 million US$ 135,749 million  
Value of cross-border M&A;, by country of purchaser
2010 2011 2012 2013
US$ 31,268 million US$ 62,372 million US$ 37,795 million US$ 55,122 million
Cross-border M&A; deals worth over $3 billion completed in 2012 (Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

Daikin Industries Ltd, Hellman & Friedman LLC, United States, 3.7

(for a monthly update on M&A; click here )

Cross-border M&A; deals worth over $3 billion completed in 2013 (Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

SoftBank Corp, Sprint Nextel Corp, United States, 21.6; Mitsubishi UFJ Finl Grp Inc, Bank of Ayudhya PCL, Thailand, 5.3; Dentsu Inc, Aegis Group PLC, United Kingdom, 4.1

(for a monthly update on M&A; click here )

Best countries for doing business World Bank/IFC Doing Business Project

Economies are ranked on their ease of doing business, from 1 - 189. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.

Overall ranking: 27 out of 189 countries (2013)


Starting a business: 120 out of 189 countries

Enforcing Contracts: 36 out of 189 countries

Registering Property: 66 out of 189 countries

Getting credit: 28 out of 189 countries

Protecting investors: 16 out of 189 countries

Trading across border: 23 out of 189 countries

Paying Taxes: 140 out of 189 countries

Dealing with Construction Permits: 91 out of 189 countries

Getting Electricity: 26 out of 189 countries

Resolving Insolvency: 1 out of 189 countries


Global competitiveness ranking(ranking by country on a basis of 144, the first is the best)





Index of Economic FreedomWSJ and Heritage Foundation

Ranking: 25 Score: 72.4 (Mostly Free) (2014)

(100=totally free 0=totally repressed )

Time zone


Total area

377,915 sq km




yen (JPY)

Government type

a parliamentary government with a constitutional monarchy




Shintoism 83.9%, Buddhism 71.4%, Christianity 2%, other 7.8%

Total population
1990 2000 2010 2014* 2019**
123.459 million 126.829 million 128.048 million 127.061 million 124.894 million

*Estimate    **Forecast

Urban population as % of total population
1960 1980 2000 2011
43.1% 76% 79% 92%
Population median age

46.1 years (2014 est.)

Population growth rate

-0.13% (2014 est.)

Life expectancy

84.46 years (2014 estimate)

Adult literacy

99% (2002 estimate)

% of population living on less than $2 a day

0.4% (2008)

Inequality of wealth distribution (Gini index)

32.1 (2008)

(0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights: 1
Civil Liberties: 1 (2014)

(1 represents the most free, 7 the least free)

Total telephone subscribers as % of population

Fixed 50.4%   Mobile 115.2% (2013)
(fixed-telephone subscribers and mobile-cellular subscribers)

Internet users as % of total population

86.25% (2013)

Cost of living - Mercer index(ranking by city on a basis of 214; the 1st is the most expensive and the 214th is the least expensive)

Tokyo 7th (2014)

CO2 emissions(Metric tons of CO2 per capita)

9.2 (2010)

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