Strong stimulus, slow return to normal
MEDIUM RISK for entreprise
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Economic risk
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Business environment risk
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Political risk
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Commercial risk
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Financing risk
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Economic risk
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Business environment risk
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Political risk
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Commercial risk
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Financing risk
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GDP | USD5081.770bn (World ranking 3, World Bank 2019) |
Population | 126.3mn (World ranking 11, World Bank 2019) |
Form of state | Parliamentary government with a Constitutional Monarchy |
Head of government | Yoshihide Suga (PM) |
Next elections | on or before 22 October 2021, House of Representatives |
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- 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
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- 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)
Exports | Rank | Imports |
---|---|---|
United States
20%
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1 |
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China
19.1%
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2 |
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Korea, Republic of
6.6%
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3 |
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Taiwan
6.1%
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4 |
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China, Hong Kong SAR
4.8%
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5 |
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Trade structure by product
(% of total)
Exports | Rank | Imports |
---|---|---|
Road vehicles
21%
|
1 |
21.6%
Petroleum, petroleum products and related materials
|
Machinery and mechanical appliances
19.43%
|
2 |
13.7%
Electrical machinery, apparatus and appliances, n.e.s.
|
Electrical machinery and equipment
14.6%
|
3 |
9.78%
Machinery and mechanical appliances
|
Non-specified commodities
6.37%
|
4 |
3.92%
Optical, measuring, precision, medical instruments
|
Optical, measuring, precision, medical instruments
5.54%
|
5 |
3.78%
Pharmaceuticals
|
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Low
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Medium
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Sensitive
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High
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Payments
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Court proceedings
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Insolvency proceedings
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Payments
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Court proceedings
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Insolvency proceedings
Similarly, collecting debt from insolvent debtors is overall a challenging exercise and, even though insolvency proceedings could yield dividends, these would spread over years and generate significant costs.
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