Prices & public finance · East Asia & Pacific · High income
Japan: prices, money and public finance
Inflation is 3.2% (2025), 91st of 180 in the world and 9th of 27 in East Asia & Pacific. GDP deflator is 3.4% (2025), 99th of 209 in the world and 13th of 36 in East Asia & Pacific. Lending rate is 1.0% (2017), 135th of 136 in the world and 23rd of 24 in East Asia & Pacific.
Inflation
JapanEast Asia & PacificHigh incomeWorld
GDP deflator
JapanEast Asia & PacificHigh incomeWorld
10 indicators
Prices & public finance: Japan in detail
Latest reported value, world rank and rank within East Asia & Pacific; values around 2000, 2010, 2020; group and world columns are World Bank aggregates.
| Indicator | Latest | World rank | In region | ~2000 | ~2010 | ~2020 | 10-year change | Region | Income group | World | Since 2000 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| InflationInflation, consumer prices, annual % | 3.2%2025 | 91/180 | 9/27 | -0.7% | -0.7% | 0.0% | +2.4 ppsince 2015 | 2.0% | 2.3% | 3.0% | |
| GDP deflatorInflation, GDP deflator, annual % | 3.4%2025 | 99/209 | 13/36 | -1.2% | -1.9% | 1.2% | +1.4 ppsince 2015 | 2.5% | 2.6% | 3.3% | |
| Lending rateLending interest rate, % | 1.0%2017 | 135/136 | 23/24 | 2.1% | 1.6% | · | −0.9 ppsince 2007 | — | — | — | |
| Real interest rateReal interest rate, % | 1.0%2017 | 111/136 | 21/24 | 3.3% | 3.6% | · | −1.9 ppsince 2007 | — | — | — | |
| Exchange rateOfficial exchange rate, local currency per US$ | 149.662025 | 55/210 | 8/36 | 107.77 | 87.78 | 106.77 | +24%since 2015 | — | — | — | |
| Government expenseGovernment expense, % of GDP | 20.1%2022 | 100/142 | 18/25 | 16.9% | 17.1% | 23.0% | +2.1 ppsince 2012 | — | 30.1% | 28.5% | |
| Private creditDomestic credit to private sector, % of GDP | 188.7%2025 | 4/169 | 3/25 | 205.7% | 158.5% | 189.5% | +29.4 ppsince 2015 | 175.5% | 152.1% | 140.3% | |
| Broad moneyBroad money, % of GDP | 246.8%2025 | 2/146 | 2/24 | 225.7% | 213.4% | 273.1% | +18.0 ppsince 2015 | 211.5% | 138.4% | 135.7% | |
| Reserves, months of importsTotal reserves in months of imports | 14.02025 | 7/165 | 1/24 | 8.8 | 15.8 | 18.5 | −17%since 2015 | 11.1 | 7.9 | 8.6 | |
| Military spendingMilitary expenditure, % of GDP | 1.41%2025 | 92/156 | 10/18 | 0.90% | 0.94% | 0.99% | +0.5 ppsince 2015 | 1.72% | 2.80% | 2.48% |
Source: World Bank, World Development Indicators (CC BY 4.0)“·” — no value reported within two years of that date. World rank counts countries with a recent value.
Better than ten years ago
No rated indicator improved over the decade.
Worse than ten years ago
- Inflation+2.4 pp3.2% in 2025
- Reserves, months of imports−17%14.0 in 2025
Only indicators where higher or lower is clearly better are rated (for example, unemployment down is better, life expectancy up is better).
neighbours
Japan and its neighbours
Countries sharing a land border with Japan. Latest values since 2005; the highest in each row is marked.
| Indicator | Japan | China | United States | Russia | Philippines | South Korea |
|---|---|---|---|---|---|---|
| Inflation | 3.2%2025 | 0.1%2025 | 2.9%2024 | 8.7%2025 | 1.7%2025 | 2.1%2025 |
| GDP deflator | 3.4%2025 | -0.9%2025 | 2.8%2025 | 4.9%2025 | 1.4%2025 | 3.1%2025 |
| Lending rate | 1.0%2017 | 4.3%2024 | 3.2%2021 | 17.1%2024 | 7.1%2019 | 4.2%2025 |
| Real interest rate | 1.0%2017 | 5.2%2024 | -1.3%2021 | 5.8%2024 | 6.4%2019 | 1.0%2025 |
| Exchange rate | 149.662025 | 7.192025 | 1.002025 | 83.652025 | 57.512025 | 1,422.442025 |
| Government expense | 20.1%2022 | — | 24.4%2023 | 30.0%2023 | 16.9%2023 | 28.3%2023 |
| Private credit | 188.7%2025 | 194.3%2024 | 201.3%2025 | 54.6%2021 | 52.1%2025 | 160.3%2024 |
| Broad money | 246.8%2025 | 227.7%2024 | 99.7%2025 | 69.9%2020 | 85.9%2022 | 162.7%2024 |
| Reserves, months of imports | 14.02025 | 11.92025 | 2.82025 | 16.82024 | 7.32025 | 6.52025 |