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Japan — Market Overview

Asia>Japan

🇯🇵 Japan

Japan's market is usually read through the interaction between yen weakness, corporate governance reform, and the earnings power of exporters, machinery, autos, and technology hardware. The key question is whether external demand, a weaker yen, and balance-sheet reform keep supporting earnings even when domestic growth is modest and inflation is only gradually normalizing.

Carte régionale

Faits clés

Japan en un coup d'œil

Capital

Tokyo

Currency

Japanese Yen (¥)

Primary exchange

JPX

Central bank

Bank of Japan

Region

Asia

Time zone

Asia/Tokyo

Country dashboard

Pourquoi ce marché compte

This version combines a stylized country map with a switchable macro explorer built from official published history, using OECD primary datasets where available and World Bank annual series where coverage is otherwise incomplete.

Explorateur macro

Changez de variable, gardez le contexte du pays

These country charts now use official OECD quarterly and monthly history where the feed is actually published, with government debt added from the World Bank when a stable public series exists. Variables without dependable republishable coverage are left out instead of being interpolated, so each page shows fewer lines only when the source coverage is genuinely thinner.

Real GDP growth

Quarterly real GDP growth from OECD Quarterly National Accounts.

-10.0%-5.0%0.0%5.0%2010201120122013201420152016201720182019202020212022202320242025
Cliquez sur une année pour zoomer à partir de ce point.

Variables disponibles

Real GDP growth

0.3%
Tendance 1 an-29.2%
Croissance moy.+72.9%

Ce que cela signale

GDP growth is published quarterly and annualized, so each point captures how fast real output was expanding or contracting versus the prior quarter at an annual rate. It matters because it is the broadest scorecard of domestic economic momentum and sets the backdrop for revenues, employment, and policy expectations. Versus a year ago, the series is lower by 29.2%, which points to a softer or less supportive backdrop on this measure. Across the displayed window, the broader trend is still downward.

Commerce et position extérieure

Exportations, services et balance extérieure

Plutôt qu'un mur générique de cartes macro, cette section se concentre sur la manière dont le pays attire la demande étrangère, où se situe son avantage commercial et comment évolue sa balance extérieure.

Échanges totaux Japan¥1,9 Bn
Biens
Services
Biens
Services
Exportation¥935,5 Md
¥989,7 MdImportation
Balance extérieure2024
Exportations +¥935,5 Md
Importations -¥989,7 Md
Solde+¥54,2 Md
¥935,5 Md
Total exports

The full export figure, combining goods and services in one line. It is the cleanest way to read how much external demand Japan is capturing across both physical products and higher-value intangible flows.

¥707,0 Md
Goods exports

This is the merchandise side of exports: industrial supplies, capital goods, autos, food, and other physical products. It matters because it reflects the health of manufacturing, energy, aerospace, and the broader global industrial cycle.

¥228,5 Md
Services exports

This is the intangible side: finance, travel, licensing, business services, and IP-linked flows. It matters because it shows where Japan is strongest in higher-margin, knowledge-intensive, and branded service activities.

Composition des échanges

Ce que le pays exporte

Partenaires commerciaux

Où le pays commerce

Prisme des matières premières

Exposition aux matières premières

Goods share of exports75.6%

Goods made up 75.6% of total exports in 2024, leaving services at 24.4%.

Goods share of imports75.1%

Goods made up 75.1% of total imports in 2024, leaving services at 24.9%.

Largest export goods bucketManufactures 82.5%

This was the biggest WTO merchandise export group for Japan in 2024.

Largest import goods bucketManufactures 56.9%

This was the biggest WTO merchandise import group for Japan in 2024.

Merchandise balance$-36.5B

Goods exports minus goods imports in 2024. A deficit here shows whether merchandise trade supports or drags on the overall external balance.

Ce qu'il faut surveiller

Grille de lecture

01

yen direction

Japan should first be read through yen direction. When this regime shifts, local multiples and sector leadership usually shift with it.

02

corporate reform

The key question is whether external demand, a weaker yen, and balance-sheet reform keep supporting earnings even when domestic growth is modest and inflation is only gradually normalizing. That makes corporate reform one of the most important signals for revising the country narrative.

03

export cyclicals

The final layer is export cyclicals, because it determines whether the macro backdrop turns into sustainable earnings support for the Nikkei 225.

Autres pays

Poursuivez à travers Asia

Chaque carte ouvre le même modèle de pays avec sa propre carte, des variables macro permutables et une vue de référence. C'est le premier réseau lié de pages pays de la région.