Strong stimulus, slow return to normal

A1

LOW RISK for entreprise

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

Last updated in October 2022.

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GDP USD4937.42bn (World ranking 3, World Bank 2021)
Population 125.68mn (World ranking 11, World Bank 2021)
Form of state Parliamentary government with a Constitutional Monarchy
Head of government Fumio Kishida  (PM)
Next elections on or before 31 October 2025, House of Representatives
  • Robust external position (current account surplus, low public external debt etc.)
  • JPY considered safe-haven currency
  • Innovative industries and high-quality products
  • Large financial surplus of non-financial corporations
  • Developed country in a dynamic region
  • Vulnerable to natural disasters
  • Aging population
  • Huge public debt and large public deficit
  • Highly dependent on energy imports

Trade structure by destination/origin

(% of total, 2021)

Exports Rank Imports
China 21.6%
1
24.0% China
United States 18.0%
2
10.7% United States
Taiwan 7.2%
3
6.8% Australia
South Korea 6.9%
4
4.3% Taiwan
China, Hong Kong SAR 4.7%
5
4.2% South Korea

Trade structure by product

(% of total, 2021)

Exports Rank Imports
Road vehicles 17.9%
1
10.7% Petroleum, petroleum products and related materials
Electrical machinery, apparatus and appliances, n.e.s. 13.8%
2
9.0% Electrical machinery, apparatus and appliances, n.e.s.
Specialised machinery 8.6%
3
5.9% Gas, natural and manufactured
Other industrial machinery and parts 5.4%
4
5.8% Metalliferous ores and metal scrap
Iron and steel 4.6%
5
5.0% Telecommunication and sound recording apparatus
The Allianz Trade Collection Complexity Score provides a simple assessment of how easy it is to collect debt around the world. The 2022 edition covers 49 countries that represent nearly 90% of global GDP and 85% of global trade.
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