Asia-Pacific Winners: Looking Through A Kaleidoscope
Coverage of Asia-Pacific regional winners of Global Finance magazine's 2017 awards for Best Treasury & Cash Management.
Japan GDP and Economic Data
Country Report 2017 - Includes Japan real Gross Domestic Product growth rate, with latest forecasts and historical data, GDP per capita, GDP composition and breakdown by sector.
Browse additional economic indicators and data sets, selected by Global Finance editors, to learn more about Japan economic outlook, debt to GDP ratio, international trade performance and population trends. Rankings of Japan best banks and safest banks are also available.
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International Reserves
USD 1189.5 billion (2016)
International Monetary Fund (IMF), data retrieved January 2017
Gross Domestic Product - GDP
USD 5,106.3 billion (2017, estimate)
GDP (Purchasing Power Parity)
Intl$ 5,066.1 billion (2017, estimate)
Real GDP growth
| 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 |
| 1.7% | 2.2% | -1% | -5.5% | 4.7% | -0.5% | 1.7% |
| 2013 | 2014 | 2015 | 2016* | 2017* | ||
| 1.4% | 0% | 0.5% | 0.5% | 0.6% |
*Estimate
GDP per capita - current prices
USD 40,408.4 (2017, estimate)
GDP (PPP) - share of world total
| 1980 | 1990 | 2000 | 2010 | 2017* |
| 7.79% | 8.89% | 6.66% | 4.94% | 4.0% |
*Estimate
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GDP - composition by sector
- agriculture: 1.2%
- industry: 27.7%
- services: 71.1%
(2016 estimate)
Gross domestic expenditure on R&D; (% of GDP)
3.6% (2014)
OECD, data retrieved January 2017
Inflation
| 2013 | 2014 | 2015 | 2016* | 2017* |
| 0.3% | 2.8% | 0.8% | -0.2% | 0.5% |
*Estimate
Unemployment rate
| 2013 | 2014 | 2015 | 2016* | 2017* |
| 4.0% | 3.6% | 3.4% | 3.2% | 3.2% |
*Estimate
Public debt (General government gross debt as a % of GDP)
| 2013 | 2014 | 2015* | 2016* | 2017* |
| 244.5% | 249.1% | 248% | 250.4% | 253% |
*Estimate
Public deficit (General government net lending/borrowing as a % of GDP)
| 2013 | 2014 | 2015* | 2016* | 2017* |
| -8.6% | -6.2% | -5.2% | -5.2% | -5.1% |
*Estimate
Government bond ratings
Standard & Poor's: A+
Moody's: A1
Standard & Poor's / Moody's (Updated January 2017)
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Market value of publicly traded shares
| 2013 | 2014 | 2015 |
| USD 4543.2 billion | USD 4378 billion | USD 4894.9 billion |
Largest companies
Toyota Motor, Japan Post Holdings, Mitsubishi UFJ Financial, Nippon Telegraph & Tel, Softbank, Sumitomo Mitsui Financial, Honda Motor, Nissan Motor, Mizuho Financial, Mitsubishi Corp, KDDI, Hitachi, Tokio Marine Holdings, Sony, Itochu, Denso, Japan Tobacco, Dai-ichi Life Insurance, Mitsui, East Japan Railway, Seven & I Holdings, Panasonic, Nippon Steel & Sumitomo Metal, Canon, Orix, Bridgestone, Central Japan Railway, Tokyo Electric Power, Mitsubishi Electric, MS&AD Insurance, Fuji Heavy Industries, Marubeni, Toyota Industries, Mitsui Fudosan, NKSJ Holdings, Daiwa House Industry, Sumitomo Mitsui Trust, Mitsubishi Heavy Industries, Fujifilm Holdings, Chubu Electric Power, Daikin Industries, Suzuki Motor, Komatsu, Kubota, Shin-Etsu Chemical, Kyocera, Astellas Pharma, Mazda Motor, Aisin Seiki, JFE Holdings, Daiwa Securities, Resona Holdings, Otsuka Holding, Murata Manufacturing, Mitsubishi Estate, T&D Holdings, Daiichi Sankyo, Tokyo Gas, Sumitomo Electric, Toray Industries, Aeon, Sumitomo Realty, Fujitsu, Sumitomo Corp, Dentsu, West Japan Railway, Takeda Pharmaceutical, JX Holdings, Asahi Group Holdings, Sekisui House, Asahi Kasei, Sumitomo Chemical, Kao Corp, Japan Airlines, Toyota Tsusho, Isuzu Motors, Fanuc, Toshiba, Tohoku Electric Power, Ricoh, Nidec, Fast Retailing, Kansai Electric Power, All Nippon Airways, Inpex, Osaka Gas, Mitsubishi Chemical, Rakuten, Secom, Recruit Holdings, Ajinomoto, Tokyu, Kirin Holdings, Obayashi, Taisei, Suntory Beverage & Food, Shimizu, Daito Trust Construction, Keyence, NEC, Mitsubishi Motors, TDK, Bank of Yokohama, Japan Exchange Group, Kyushu Financial Group, Mitsubishi UFJ Lease, Nippon Yusen, Meiji Holdings, Mitsubishi Materials, Kajima, Asahi Glass, Nitto Denko, Kyushu Electric Power, Tokyo Electron, Hankyu Hanshin Holdings, Yamaha Motor, SMC, Kintetsu, Idemitsu Kosan, Lixil Group, Hoya, Oriental Land, Renesas Electronics, Shinsei Bank, Shizuoka Bank, Chiba Bank, Sojitz, Century Tokyo Leasing, Seiko Epson, Mitsui OSK Lines, Yamato Holdings, Electric Power Development, Dai Nippon Printing, Kobe Steel, Fukuoka Financial Group, Shimano, Toppan Printing, Shionogi, Eisai, Chugoku Electric Power, Sharp, Kawasaki Heavy Industries, Unicharm, Medipal Holdings, Sekisui Chemical, Nintendo, Terumo, Oji Holdings, NSK, Olympus, IHI, Aozora Bank, Nippon Express, JTEKT, Cosmo Energy Holdings, Alfresa Holdings, OMRON, TonenGeneral Sekiyu, Suzuken, Shiseido, Sumitomo Metal Mining, Hokuhoku Financial Group, Iida Group Holdings, Yamaguchi Financial, Tokyu Fudosan, Joyo Bank, Hiroshima Bank, Nishi-Nippon City Bank, Isetan Mitsukoshi Holdings, North Pacific Bank, Hachijuni Bank, 77 Bank, ONO Pharmaceutical, Bank of Kyoto, Suruga Bank, Chugoku Bank, Gunma Bank, Mitsui Chemicals, Koito Manufacturing, Nitori Holdings, Sumitomo Rubber, Iyo Bank, Yamada Denki, Juroku Bank, Ashikaga Holdings, Showa Shell Sekiyu, Toho Bank, Nippon Steel Trading, Nanto Bank, Hyakugo Bank, Ogaki Kyoritsu Bank, Senshu Ikeda Holdings, Daishi Bank, Tokyo TY Financial Group, Shiga Bank, Orient, San-In Godo Bank, Hyakujushi Bank, Keiyo Bank, Nippon Paper Industries, Kiyo Bank, Hokkoku Bank, Hanwa, Musashino Bank, Sysmex, Haseko, Kawasaki Kisen Kaisha, Konica Minolta, Toyota Boshoku, Japan Securities, Hokkaido Electric Power, Bank of Nagoya, SEIBU, NEXON, Makita, Minato Bank, SBI Holdings, Alps Electric Co, Jaccs.
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Current account balance by percentage of GDP
3.3% (2017 estimate)
Exports as percent of GDP (Exports of goods and services)
17.9% (2015)
Shares in world total merchandising export
3.8% (2015)
Shares in world total commercial services export
3.3% (2015)
Export commodities
Motor vehicles 14.9%; iron and steel products 5.4%; semiconductors 5%; auto parts 4.8%; power generating machinery 3.5%; plastic materials 3.3% (2014 estimate)
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Import commodities
Petroleum 16.1%; liquid natural gas 9.1%; clothing 3.8%; semiconductors 3.3%; coal 2.4%; audio and visual apparatus 1.4% (2014 estimate)
Exports - major partners
US 20.2%, China 17.5%, South Korea 7.1%, Hong Kong 5.6%, Thailand 4.5% (2015)
Imports - major partners
China 24.8%, US 10.5%, Australia 5.4%, South Korea 4.1% (2015)
FDI inflows
| 2013 | 2014 | 2015 |
| USD 2,304 million | USD 2,090 million | USD -2,250 million |
FDI outflows
| 2013 | 2014 | 2015 |
| USD 135,749 million | USD 113,595 million | USD 128,654 million |
Value of cross-border M&A, by country of purchaser
| 2012 | 2013 | 2014 | 2015 |
| USD 37795.1 million | USD 58275.3 million | USD 45644.6 million | USD 50381.2 million |
Cross-border M&A deals worth over $3 billion completed in 2014
Suntory Holdings Ltd, Beam Inc, United States, USD 13.9 billion / Investor Group, Grohe AG, Germany, USD 4.0 billion
Cross-border M&A deals worth over $3 billion completed in 2015
Tokio Marine & Nichido Fire Insurance Co Ltd, HCC Insurance Holdings Inc, United States, USD 7.5 billion / The Dai-ichi Life Insurance Co Ltd, Protective Life Corp, United States, USD 5.7 billion / Japan Post Co Ltd, Toll Holdings Ltd, Australia, USD 5.1 billion
Best countries for doing business
Economies are ranked on their ease of doing business. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm.
Overall ranking: 34 out of 190 countries (2017)
Subcategories:
Starting a business: 89 out of 190 countries
Enforcing Contracts: 48 out of 190 countries
Registering Property: 49 out of 190 countries
Getting Credit: 82 out of 190 countries
Protecting Minority Investors: 53 out of 190 countries
Trading Across Borders: 49 out of 190 countries
Paying Taxes: 70 out of 190 countries
Dealing with Construction Permits: 60 out of 190 countries
Getting Electricity: 15 out of 190 countries
Resolving Insolvency: 2 out of 190 countries
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Global competitiveness ranking
8 out of 138 countries
(2016-2017)
Index of Economic Freedom
Ranking: 22 / Score: 73.09 (Mostly free) (2016)
(100=totally free 0=totally repressed)
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Religions
Shintoism 79.2%, Buddhism 66.8%, Christianity 1.5%, other 7.1%
note: total adherents exceeds 100% because many people practice both Shintoism and Buddhism (2012 est.)
Total population
| 1990 | 2000 | 2010 | 2016* | 2021* |
| 123.438 million | 126.831 million | 127.594 million | 126.804 million | 124.174 million |
*Estimate
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Urban population as % of total population
| 1960 | 1980 | 2000 | 2015 |
| 63% | 76% | 79% | 94% |
Freedom House rating
Political Rights: 1
Civil Liberties: 1 (2017)
(1 represents the most free, 7 the least free rating)
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Total telephone subscribers as % of population
Fixed 50.23% Mobile 126.54% (2015)
(fixed-telephone subscribers and mobile-cellular subscribers)
Mercer Cost of living index
Tokyo: 5th
Osaka:22nd
Nagoya: 54th
(2016)
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