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Economy of Japan

Population: 127 million in 20121

GDP: $4.92 trillion in 20132

GDP per capita: $38,634 nominal3 ($36,315 PPP4) in 2013

GDP growth rate: 0.0% in 20145


GDP by Industry 20126

Industry sectorValue added ($ billions) 2012Percent of total
Other activities2,82248.1%
Wholesale, retail trade, restaurants and hotels83914.3%
Transport, storage and communication60610.3%
Mining and utilities1121.9%
Agriculture, hunting, forestry, fishing681.2%
Total value added5,868100%


Unemployment rate: 3.6% in Feb 20157

Employment by Industry 20138

Employment sector Employees (thousands) 2013Percent of total
Wholesale trade, retail trade and repair of motor vehicles10,89017.3%
Human health and social work7,35011.6%
Accommodation and food service3,8406.1%
Transportation and storage3,7005.9%
Administrative and support service2,8204.5%
Agriculture, forestry and fishing2,3303.7%
Public administration and defence2,3203.7%
Other service2,1403.4%
Professional, scientific and technical2,0703.3%
Information and communication1,9203.0%
Finance and insurance1,9103.0%
Not elsewhere classified9201.5%
Real estate8301.3%
Arts, entertainment and recreation7701.2%
Electricity, gas, steam and air conditioning6101.0%
Extraterritorial organizations and bodies300.0%
Mining and quarrying300.0%
Total employment63,110100%


Top 10 Corporations by Revenue 2013* 9

RankCorporationRevenue ($ billions) 2013Profit ($ billions) 2013Assets ($ billions) 12/31/13Industry
1Toyota Motor21716.8349Automobiles
2Japan Post Holdings1524.8283Finance
3JX Holdings1040.965Energy
4Honda Motor1005.1132Automobiles
5Nippon Telegraph & Telephone924.9171Telecommunications
6Nissan Motor882.9124Automobiles

* Corporate data calculated using the exchange rate 118.5 JPY = 1 USD


Household Wealth: $23.2 trillion (473% of GDP) in 201410

Household Wealth per Adult: $222,150 in 201310

Gini Coefficient: .376 in 200811


Central Government

Central Government Total Revenue: $1.74 trillion (35% of GDP) in 201312

Central Government Total Expenditure: $2.15 trillion (43% of GDP) in 201312

Central Government Budget Balance: -$410 billion (-8% of GDP) in 201312

Central Government Public Debt: $8.37 trillion (171% of GDP) in Q3 2014* 13

Central Government 10 Year Bond Interest Rate: 0.28% on Jan 6, 201514

* Public debt calculated using the exchange rate 118.5 JPY = 1 USD

Public Funds

Government Pension Investment Fund: $1.1 trillion (22% of GDP) in Oct 201415

Tax Structure

Personal Income Tax Rates and Thresholds in 2013* 16

* Individual thresholds calculated using the exchange rate 118.5 JPY = 1 USD

Corporate Tax Rate: 37% in 201417

Monetary Policy

Money Supply (M1): $4.84 trillion (99% of GDP) in Feb 2014* 18

Benchmark Interest Rate: between 0% and 0.1% on Oct 5, 201019

Total Reserves: $1.27 trillion (26% of GDP) in 201320

Exchange Rate: 118.5 Japanese Yen = 1 U.S. Dollar on Jan 6, 201421

Inflation: 0.0% in Feb 201522

* Monetary base calculated using the exchange rate 118.5 JPY = 1 USD

Financial Institutions

Top 10 Financial Institutions by Assets 201223

RankFinancial InstitutionAssets ($ billions) 6/30/12
1Mitsubishi UFJ2,784
2Mizuho Financial Group2,068
3Sumitomo Mitsui Financial1,730
4Resona Holdings521
5Sumitomo Mitsui Trust430
6Bank of Yokohama160
7Fukuoka Financial Group160
8Chiba Bank137
9Hokuhoku Financial Group134
10Shizuoka Bank119

International Accounts

Exports: $697 billion (14% of GDP) in 201324

Imports: $767 billion (16% of GDP) in 201324

Trade Balance: -$70 billion (-2% of GDP) in 201324

Foreign Direct Investment Inflow: $2.3 billion (0.04% of GDP) in 201325

Foreign Direct Investment Outflow: $135 billion in (3% of GDP) 201325

Foreign Aid Inflow: N/A

Foreign Aid Outflow: $11.6 billion (0.2% of GDP) in 201326


1. Source: World Bank Indicators (Population) Go back
2. Source: World Bank Indicators (GDP) Go back
3. Source: World Bank Indicators (GDP per capita) Go back
4. Source: World Bank Indicators (GDP per capita PPP) Go back
5. Source: US News, Japan lowers estimate (GDP growth rate) Go back
6. Source: United Nations Statistics Division (GDP by industry) Go back
7. Source: Shanghai Daily (Unemployment rate) Go back
8. Source: International Labor Organization, Downloads (Employment by economic activity) Go back
9. Source: Annual reports (Corporate data) Go back
10. Source: Credit Suisse Global Wealth Databook (Household wealth) Go back
11. Source: CIA World Factbook (Gini coefficient) Go back
12. Source: CIA World Factbook (Government budget) Go back
13. Source: OECD Stat Extracts, National Accounts, Quarter Public Sector Debt (Public debt) Go back
14. Source: Bloomberg (Government bond yield) Go back
15. Source: ESADE Sovereign Wealth Funds (Public funds) Go back
16. Source: OECD Stat Extracts, Public Sector, Tax Database (Individual tax rates) Go back
17. Source: Tax Foundation (Corporate tax rate) Go back
18. Source: Bank of Japan, Currency (Money supply) Go back
19. Source: Reuters (Benchmark interest rate) Go back
20. Source: World Bank Indicators (Total reserves) Go back
21. Source: Yahoo Finance (Exchange rate) Go back
22. Source: CNBC (Inflation rate) Go back
23. Source: Relbanks.com (Financial institutions by assets) Go back
24. Source: CIA World Factbook (Trade data) Go back
25. Source: OECD FDI in Figures (FDI data) Go back
26. Source: OECD Aid Statistics (Aid outlfow) Go back