Includes historical data for Japan’s Gross Domestic Product growth, debt-to-GDP ratio and more, as well as information on trade, banking and financial sector leadership.
Economic Strength Due To State-Private Sector Collaboration
Much of Japan’s economic prosperity since the post-World War II era can attributed to the close cooperation between government and industry, which—coupled with a strong national work ethic—have transformed this country of about 125 million into one of the foremost global powers. With economic drivers such as advanced technology products, a thriving manufacturing industry, and a diverse service sector, Japan also benefits from a strong judiciary system and minimal levels of corruption, a favorable geographic location in a dynamic region, and numerous bilateral and international trade agreements.
However, Japan also faces challenges from global competition and domestic demographic shifts. Other weaknesses include inadequate corporate governance, complex labor laws and recruitment systems, and geopolitical tensions.
Macroeconomy & Sovereign Data
| Type of Government | Parliamentary constitutional monarchy |
|---|---|
| Capital | Tokyo |
| Sovereign Ratings |
S&P: A+ Moody’s: A1 Fitch: A |
| Total Population | 124 million |
| Median Age | 49.1 |
| Adult Per Capita Income (PPP) | 47,455.58 |
| Total GDP (2023) | USD 4.3 trillion |
Japan GDP & Economic Overview
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Trade & Investment
| Total Exports | USD 824.8 billion (2022) |
|---|---|
| Leading Exports |
Cars And Vehicle Parts Integrated Circuits General Machinery Photo Lab Equipment Construction Vehicles Semiconductors |
| Total Imports | USD 806.5 billion (2022) |
| Leading Imports |
Crude Petroleum Natural Gas Integrated Circuits Coal Refined Petroleum Iron |
| Source: | IMF, CIA The World Factbook |
Japan Leading Companies
| Mitsubishi UFJ Financial | Financials |
|---|---|
| Sumitomo Mitsui Financial | Financials |
| Mizuho Financial | Financials |
| Toyota Motor Corporation (Toyota) | Industrials |
| Nippon Telegraph and Telephone Corporation (NTT) | Telecommunication Services |
| Tokyo Electron Limited (TEL) | Technology, Electronic Equipment |
| Sony Group Corporation (Sony) | Consumer Electronics |
Major Trade Partners — Import
| China | 24.0% |
|---|---|
| United States | 10.7% |
| Australia | 6.8% |
| Other Asia | 4.3% |
| South Korea | 4.2% |
Major Trade Partners — Export
| China | 21.6% |
|---|---|
| United States | 18.0% |
| Other Asia | 7.2% |
| South Korea | 6.9% |
| Hong Kong | 4.9% |
Global Finance Rankings & Awards
Data Sources:
UN World Population Prospects
World Inequality Report
S&P Global Ratings
Moody’s
Fitch Ratings
IMF Direction of Trade Statistics (DOTS)
UN Conference on Trade and Development (UNCTAD)
CIA The World Factbook
World Bank’s World Integrated Trade Solution
Forbes Global 2000