Macro intelligence focused on rates, risk, credit conditions, labor, inflation, and bonds.
Macro intelligence focused on rates, risk, credit conditions, labor, inflation, and bonds.
As of December 2025, growth momentum is improving with GDP at 0.33%. Inflation at 3.00% is above the BoJ's 2% target. The BoJ maintains a tightening stance.
Bank of Japan raised rates by 25 bps to 0.73%. With inflation at 3.0%, restrictive policy may continue.
As of December 2025, growth momentum is improving with GDP at 0.33%. Inflation at 3.00% is above the BoJ's 2% target. The BoJ maintains a tightening stance.
Yield curve not available
Found 1 valid tenor (need at least 2 to plot)
Available: 10Y: 2.35%
Government Revenue vs. Expenditure (Trillions JPY)
Variable follows prime; fixed follows bond yields + spreads. See Rate Transmission for details.
Scenario-based macro commentary, not financial advice.
Data refresh in progress for: Policy Rate, Inflation, Unemployment, GDP, Yield Curve.
Bank of Japan has set the policy rate at 0.728%. The most recent action was a 1 basis point cut. Inflation at 3.00% is near the typical 2% target.
Growth is subdued at 0.33%. The labor market remains tight with unemployment at 2.60%.
Sources: Bank of Japan (via FRED), Statistics Bureau (Dec 2025), Cabinet Office (via FRED)
Data is aggregated from primary national statistical agencies. 'Regime' is a proprietary calculated metric based on growth, inflation, and policy stance indicators.
Read full methodologyBorrower fit guidance only. See Mortgage Rate Outlook for rate scenarios.
| Year | GDP | Debt/GDP | C/A | Savings | Budget | CPI |
|---|---|---|---|---|---|---|
| 2024 | ¥600T | 255% | +3.5% | 4% | -5.8% | 2.8% |
| 2023 | ¥590T | 260% | +3.2% | 4% | -6.5% | 3.3% |
| 2022 | ¥560T | 262% | +2.1% | 5% | -6.8% | 2.5% |
| 2021 | ¥550T | 265% | +3.5% | 8% | -7.5% | -0.2% |
| 2020 | ¥540T | 258% | +3.2% | 11% | -10.3% | 0.0% |
Annual data typically lags 1–2 years. Rows marked Forecast are IMF projections. One year changes may not reflect the underlying trend — compare across 3–5 years.
Data sourced from World Bank. This is a Tier B (3-sector) breakdown. Japan has a strong manufacturing sector, particularly automotive (Toyota, Honda), electronics, and machinery. Services include trade, finance, and a large public sector. More detailed industry breakdown available from Statistics Japan.