Japan

Japan is a parliamentary constitutional monarchy, located in the Eastern Asia. Legislative and executive powers are vested in the Diet (parliament), which consists of the House of Councillors (the upper house) and the more powerful House of Representatives (the lower house). Japan is the 5th largest economy in the world (by GDP PPP) and is among the world's largest and most technologically advanced producers of motor vehicles, electronic equipment and machine tools. Around 49% of Japan’s merchandise exports are directed to just three markets (United States, China and European Union). Total external trade volume is only 18% of GDP, which is a rather low figure. The central bank, Bank of Japan (BoJ), pursues an inflation-targeting approach to monetary policy and maintains a free floating exchange rate regime. Ageing population, huge public debt and large public deficit as well as high dependency on energy imports are usually named among key weaknesses of the Japanese economy.

Names and Codes
Country Name Japan
Country code JPN
Currency Name Yen
Currency Code JPY
Currency Symbol ¥
Subunit ¥1 = 100 sen
Key Pair USD/JPY
Forex Quote direct
Central Bank Name Bank of Japan
Central Bank Abb. BoJ
Economy and Trade
GDP (USD billion, 2017) 4874
GDP per capita (USD, PPP, 2017) 43050
Real GDP growth (2013-17) 1.3
Inflation (2013-17) 0.8
FDI inflows (% GDP, 2013-17) 0.4
Current account balance (% GDP, 2013-17) 2.5
Trade (% GDP, 2014-16) 17.7
Share in world total exports (%, 2016) 4.04
Monetary Policy and Currency
Exchange rate regime Free floating
Monetary policy Inflation targeting
Price stability 2.00%
Real Interest Rate -1.00
Currency - global turnover (USD billion, 2016) 1096
Currency - global share (%, 2016) 21.60
Key Pair - global turnover (USD billion, 2016) 901
Key Pair - global share (%, 2016) 17.80
Ranking - Economy
GDP per capita (USD, PPP, 2017)
Real GDP growth (2013-17)
Current account balance (% GDP, 2013-17)
Trade (% GDP, 2014-16)
Ranking - Currency and Monetary Policy
Currency - global turnover (USD billion, 2016)
Key Pair - global turnover (USD billion, 2016)
Real Interest Rate
Inflation (2013-17)
International Trade
Main Export (%, 2015)
Main Import (%, 2015)