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COUNTRY OUTLOOK / JP

Japan

Uncollateralized overnight call rate point target · ISO:JP

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Forecast availableTarget · 31 Oct 2026Issued · 15 Sep 2026, 02:54 UTCRESEARCH ONLY
CapitalTokyo
RegionEast Asia & Pacific
Income groupHigh income
CurrencyJapanese yen
GDP$4.44T2025 · current US$
Real GDP growth1.19%2025 · annual %
Population123.37M2025 · people
GDP per capita$35,951.042025 · current US$

Latest available annual observations; years differ by indicator. Monetary values use the stated current-price basis and are not forecasts. World Bank data fetched 2026-09-15.

Economic structure

2024 · share of GDP

Broad sectors use the latest common year. Manufacturing is included in industry. Shares can total less than 100% because of taxes and accounting adjustments.

Japan's largest reported broad sector is services in 2024.

Monetary & research context

Policy authorityISO:JP
Policy frameworkunverified rate framework
Native targetpolicy benchmark rate
Decision evidence0
Calendar evidence0
Communication records0

Evidence counts include research inputs; they do not establish live coverage or independent observations. A country's economic composition is descriptive and does not establish what caused a model forecast.

Country events & results ↗

Explore annual trends

Real GDP growth

1.19% · 2025 · annual %

Real GDP growth · annual %-4.28%-0.36%3.56%2014: 0.905915486065865 annual %2015: 1.79997735783475 annual %2016: 0.704986495111257 annual %2017: 1.62345062245441 annual %2018: 0.834143845965585 annual %2019: -0.308496921143259 annual %2020: -4.28327942675573 annual %2021: 3.56419531474475 annual %2022: 1.33164750653741 annual %2023: 0.720785304749811 annual %2024: -0.240084236041696 annual %2025: 1.19311288444599 annual %20142025
View annual observations
YearValue (annual %)
20251.193
2024-0.240
20230.721
20221.332
20213.564
2020-4.283
2019-0.308
20180.834
20171.623
20160.705
20151.800
20140.906
World Bank source & definition ↗

Economy

GDP$4.44T2025 · current US$Source & definition ↗
Real GDP growth1.19%2025 · annual %Source & definition ↗
GDP per capita$35,951.042025 · current US$Source & definition ↗
GDP at purchasing power parityInt$ 6.84T2025 · current international $Source & definition ↗

People

Population123.37M2025 · peopleSource & definition ↗
Population growth-0.49%2025 · annual %Source & definition ↗
Urban population92.30%2025 · % of populationSource & definition ↗
Life expectancy84.042024 · yearsSource & definition ↗
Unemployment · ILO estimate2.45%2025 · % of labor forceSource & definition ↗
Labor force participation · ages 15+63.45%2025 · % of population ages 15+Source & definition ↗

Sectors

Agriculture, forestry & fishing0.96%2024 · % of GDPSource & definition ↗
Industry including construction26.78%2024 · % of GDPSource & definition ↗
Services71.43%2024 · % of GDPSource & definition ↗
Manufacturing18.82%2024 · % of GDPSource & definition ↗

Trade & investment

Exports of goods & services21.98%2024 · % of GDPSource & definition ↗
Imports of goods & services22.87%2024 · % of GDPSource & definition ↗
Current account balance4.86%2025 · % of GDPSource & definition ↗
Foreign direct investment · net inflows1.03%2025 · % of GDPSource & definition ↗

Money & public finance

Consumer inflation3.17%2025 · annual %Source & definition ↗
Central government debtNot available% of GDP
Tax revenue11.14%1993 · % of GDPSource & definition ↗
Government cash surplus / deficitNot available% of GDP
Domestic credit to private sector187.41%2025 · % of GDPSource & definition ↗
Total reserves including gold$1.37T2025 · current US$Source & definition ↗

Infrastructure

Internet use85.54%2024 · % of populationSource & definition ↗
Access to electricity100.00%2024 · % of populationSource & definition ↗

Geography

Surface area377,9692023 · square kmSource & definition ↗

Government debt covers central government, which can differ substantially from general-government debt. Indicator definitions, estimation methods and coverage differ. Latest available does not mean current-year: older observations remain explicitly dated. Source: World Bank WDI and its underlying contributors.

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Every forecast has a boundary.This is a dated research snapshot, not an automatically updating market feed. Source gaps, model limitations, and adverse results are retained.

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