Macro-economic Data

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A. Demography and Macroeconomy

A.1 Population
VariableEnd of 2022End of 2021End of 2020SourcesVar ID
Total populationNot available125.68 million126.26 million
WDI
A.1.1
Total number of households  50.99 million
Ministry of Health, Labour and Welfare
A.1.2
Average household size  2.44
Ministry of Health, Labour and Welfare
A.1.3
Urban population (% of total)Not available91.87% of total91.78% of total
WDI
A.1.4
Urban population growth (annual %)Not available-.37%-.2%
WDI
A.1.5
A.2 Economy
VariableEnd of 2022End of 2021End of 2020SourcesVar ID
GDP, current prices (U.S. dollars)4,233,538 USD (millions)5,005,537 USD (millions)5,048,790 USD (millions)
WEO
A.2.1
GDP based on PPP valuation of country GDP (Current international dollar)6,138,905 USD (millions)5,675,963 USD (millions)5,317,921 USD (millions)
WEO
A.2.2
GDP per capita, current prices (U.S. dollars)Not available39,882.55 USD 40,117.92 USD
WEO
A.2.3
GDP based on PPP per capita GDP (Current international dollar)Not available45,224.3 USD 42,256.44 USD
WEO
A.2.4
GDP, constant prices (Percent change)1.08%2.15%-4.28%
WEO
A.2.5
Inflation, end of period consumer prices (Percent change)3.88%.52%-.9%
WEO
A.2.6
GDP, deflator (Index)101.95101.69101.93
WEO
A.2.7
Consumer price index107.84105.21105.46
WDI
A.2.8
GINI IndexNot availableNot availableNot available
WDI
A.2.9
Median national annual household income  37,710.62 USD
Ministry of Health, Labour, and Welfare
A.2.10
Median urban annual household income  Not available
Country Editor
A.2.11
Urban minimum wages per month in USD  Not available
Country Editor
A.2.12
Growth in urban household income (%/year)A.2.13
Nominal  Not available
Country Editor
A.2.13.1
Real  Not available
Country Editor
A.2.13.2
Employment (% of total laborforce)A.2.14
Self-employed  Not available
Country Editor
A.2.14.1
Informally employed  Not available
Country Editor
A.2.14.2
Unemployed  2.4%
Statistics Bureau of Japan
A.2.14.3
Interest Rates:A.2.15
Central bank lending/discount rate.3%.3%.3%
IFS
A.2.15.1
Yield on 3 months treasury billsNot availableNot availableNot available
IFS
A.2.15.2
Yield on 10-year Government bondNot availableNot availableNot available
IFS
A.2.15.3
Average bank deposit rateNot availableNot availableNot available
IFS
A.2.15.4
Lending rateNot availableNot availableNot available
IFS
A.2.15.5
B. Housing Market
B.1 Housing Stock: Production, Transactions
VariableEnd of 2022End of 2021End of 2020SourcesVar ID
Number of dwelling units:B.1.1
Total  62.41 million
Housing and Land Statistics Survey
B.1.1.1
Total Urban  45.63 million
Housing and Land Statistics Survey
B.1.1.2
Percentage of vacant units  13.6% of total
Housing and Land Statistics Survey
B.1.2
Characteristics of housing stock:B.1.3
Average dwelling unit size-existing  93.04 sq.mt
Housing and Land Statistics Survey
B.1.3.1
% of substandard dwelling units  6.59% of total
Housing and Land Statistics Survey
B.1.3.2
Tenure in urban areas (%):B.1.4
Owner-occupied units  56.79% of total
Housing and Land Statistics Survey
B.1.4.1
% of owner units with a mortgage  Not available
Country Editor
B.1.4.2
Private rental units  35.25% of total
Housing and Land Survey
B.1.4.3
Public / social rental units  5.7% of total
Housing and Land Survey
B.1.4.4
Other forms of tenure   2.26% of total
Housing and Land Survey
B.1.4.5
% of urban units with state recognized lienable title  Not available
Country Editor
B.1.4.6
Estimated Number of units completed/yearB.1.5
Formal sector/registered  Not available
Country Editor
B.1.5.1
Informal sector/non-registered  Not available
Country Editor
B.1.5.2
Number of recorded urban housing transactions/year  Not available
Country Editor
B.1.6
B.2 Housing Prices and Cost for Urban Areas or Capital City
VariableEnd of 2022End of 2021End of 2020SourcesVar ID
Median urban house price in USD:B.2.1
New housing  531,697.16 USD
Land Institute of Japan
B.2.1.1
Existing housing  301,847.49 USD
Land Institute of Japan
B.2.1.2
Median house price to median annual HH income:B.2.2
Urban  Not available
Country Editor
B.2.2.1
Capital city  Not available
Country Editor
B.2.2.2
Annual average % change in median house prices:B.2.3
Yearly Rate  4.2%
Land Institute of Japan
B.2.3.1
1997-2007 average rate  Not available
Country Editor
B.2.3.2
M2 construction cost for median quality houseB.2.4
National  Not available
Country Editor
B.2.4.1
Urban  Not available
Country Editor
B.2.4.2
Capital city  Not available
Country Editor
B.2.4.3


back to top | Country Data:
Notes: 15% by law
Notes: 1999 Servicer Law
Notes: 1999 Servicer Law
Notes: 1999 Servicer Law
Notes: 1999 Servicer Law
Notes: 1999 Servicer Law
Notes: Average Tokyo condo price in December 2016; 2017 yearly price
Notes: Average Tokyo condo price in December 2016; 2017 yearly price
Notes: Average Tokyo condo price; 2017 yearly price
Notes: Average Tokyo condo price; 2017 yearly price
Notes: Centralized conduit in Japan is JHF.
Notes: Exact data not available, however if product exists, it should be very small
Notes: Exact data not available, however if product exists, it should be very small
Notes: Exact data not available, however if product exists, it should be very small
Notes: Exact data not available, however if product exists, it should be very small
Notes: Exact data not available, however if product exists, it should be very small
Notes: Exact data not available, however if product exists, it should be very small
Notes: Exact data not available, however if product exists, it should be very small
Notes: Exact data not available, however if product exists, it should be very small
Notes: Exact data not available, however if product exists, it should be very small
Notes: Exact data not available, however if product exists, it should be very small
Notes: Exact data not available, however if product exists, it should be very small
Notes: Exact data not available, however if product exists, it should be very small
Notes: Exact data not available, however if product exists, it should be very small
Notes: Exact data not available, however if product exists, it should be very small
Notes: Exact data not available, however if product exists, it should be very small
Notes: Exact data not available, however, if private mortgage insurers exist, their numbers should be very small
Notes: Exact data not available, however, if private mortgage insurers exist, their numbers should be very small
Notes: Exact data not available, however, if private mortgage insurers exist, their numbers should be very small
Notes: Exact data not available, however, if private mortgage insurers exist, their numbers should be very small
Notes: Exact data not available, however, if private mortgage insurers exist, their numbers should be very small
Notes: Exact data not available, if it exists, it should be very small
Notes: Exact data not available, if it exists, it should be very small
Notes: Exact data not available, if it exists, it should be very small
Notes: Exact data not available, if it exists, it should be very small
Notes: Exact data not available, if it exists, it should be very small
Notes: Exact data not available, if it exists, it should be very small
Notes: Exact data not available, if it exists, it should be very small
Notes: Exact data not available, if it exists, it should be very small
Notes: Exact data not available, if it exists, it should be very small
Notes: Exact data not available, if it exists, it should be very small
Notes: Exact data not available, if it exists, it should be very small
Notes: Exact data not available, if it exists, it should be very small
Notes: Exact data not available, if it exists, it should be very small
Notes: Exact data not available, if it exists, it should be very small
Notes: Exact data not available, if it exists, it should be very small
Notes: Exact data not available, if it exists, it should be very small
Notes: Exact data not available, if it exists, it should be very small
Notes: Exact data not available, if it exists, it should be very small
Notes: Exact data not available, if it exists, it should be very small
Notes: Exact data not available, if it exists, it should be very small
Notes: Exact data not available, if it exists, it should be very small
Notes: Exact data not available, if it exists, it should be very small
Notes: Exact data not available, if it exists, it should be very small
Notes: Exact data not available, if it exists, it should be very small
Notes: Exact data not available, if it exists, it should be very small
Notes: Exact data not available, if it exists, it should be very small
Notes: Exact data not available, if it exists, it should be very small
Notes: Exact data not available, if it exists, it should be very small
Notes: Exact data not available, if it exists, it should be very small
Notes: Exact data not available, if it exists, it should be very small
Notes: Existing condominium sales
Notes: Existing condominium sales
Notes: Existing condominium sales
Notes: Existing condominium sales
Notes: Existing condominium sales
Notes: Existing condominium sales
Notes: Existing condominium sales
Notes: Existing Condominium Sales in Tokyo Metropolitan Area
Notes: Existing Condominium Sales in Tokyo Metropolitan Area
Notes: Existing Condominium Sales in Tokyo Metropolitan Area
Notes: Existing Condominium Sales in Tokyo Metropolitan Area
Notes: Existing Condominium Sales in Tokyo Metropolitan Area
Notes: Existing Condominium Sales in Tokyo Metropolitan Area
Notes: Existing Condominium Sales in Tokyo Metropolitan Area
Notes: Existing Condominium Sales in Tokyo Metropolitan Area; Year-on-year change
Notes: Fixed assets tax
Notes: includes multifamily units. 132.30sq.mt for owner-occpied single detatched houses in 2008
Notes: Income tax
Notes: Japan Housing Finance Agency is a government - affiliated mortgage financial institution that issues MBS
Notes: Japan Housing Finance Agency is a government - affiliated mortgage financial institution that issues MBS
Notes: Japanese Fiscal Year (Apr-May)
Notes: Japanese Fiscal Year (Apr-May)
Notes: Japanese Fiscal Year (Apr-May)
Notes: Japanese Fiscal Year (Apr-May)
Notes: Japanese Fiscal Year (Apr-May)
Notes: Japanese Fiscal Year (Apr-May)
Notes: Japanese Fiscal Year (Apr-May)
Notes: Japanese Fiscal Year (Apr-May)
Notes: Japanese Fiscal Year (Apr-May)
Notes: Japanese Fiscal Year (Apr-May)
Notes: Japanese Fiscal Year (Apr-May)
Notes: Japanese Fiscal Year (Apr-May)
Notes: Japanese Fiscal Year (Apr-May)
Notes: Japanese Fiscal Year (Apr-May)
Notes: Japanese Fiscal Year (Apr-May); proportion of private bonds
Notes: Japanese Fiscal Year (Apr-May); proportion of private bonds
Notes: Japanese Fiscal Year (Apr-May); proportion of private bonds
Notes: Japanese Fiscal Year (Apr-May); proportion of private bonds
Notes: Japanese Fiscal Year (Apr-May); proportion of private bonds
Notes: Japanese Fiscal Year (Apr-May); proportion of private bonds
Notes: Japanese Fiscal Year (Apr-May); proportion of private bonds
Notes: Japanese Fiscal Year (Apr-May); proportion of private bonds
Notes: Japanese Fiscal Year (Apr-May); proportion of private bonds
Notes: Japanese Fiscal Year (Apr-May); proportion of private bonds
Notes: Japanese Fiscal Year (Apr-May); proportion of private bonds
Notes: Japanese Fiscal Year (Apr-May); proportion of private bonds
Notes: Japanese Fiscal Year (Apr-May); proportion of private bonds
Notes: Japanese Fiscal Year (Apr-May); proportion of private bonds
Notes: Japanese Fiscal Year (Apr-May); proportion of private bonds
Notes: Matters which are not within jurisdiction of JHF
Notes: Matters which are not within jurisdiction of JHF
Notes: Matters which are not within jurisdiction of JHF
Notes: Matters which are not within jurisdiction of JHF
Notes: Matters which are not within jurisdiction of JHF
Notes: Matters which are not within jurisdiction of JHF
Notes: Matters which are not within jurisdiction of JHF
Notes: Matters which are not within jurisdiction of JHF
Notes: Matters which are not within jurisdiction of JHF
Notes: Matters which are not within jurisdiction of JHF
Notes: Matters which are not within jurisdiction of JHF
Notes: Matters which are not within jurisdiction of JHF
Notes: Matters which are not within jurisdiction of JHF
Notes: Matters which are not within jurisdiction of JHF
Notes: Matters which are not within jurisdiction of JHF
Notes: Matters which are not within jurisdiction of JHF
Notes: Matters which are not within jurisdiction of JHF
Notes: Matters which are not within jurisdiction of JHF
Notes: Matters which are not within jurisdiction of JHF
Notes: Matters which are not within jurisdiction of JHF
Notes: Mortgage insurance is minimal. No statistics on guarantee.
Notes: Mortgage interest subsidy by local government for those who build a house using certain amount of local timber
Notes: New condominium sales
Notes: New condominium sales
Notes: New condominium sales
Notes: New condominium sales
Notes: New condominium sales
Notes: New condominium sales
Notes: New condominium sales
Notes: New condominium sales
Notes: New condominium sales
Notes: New condominium sales
Notes: New condominium sales
Notes: New condominium sales
Notes: New condominium sales
Notes: New condominium sales
Notes: New condominium sales
Notes: New condominium sales
Notes: New condominium sales
Notes: New condominium sales
Notes: New condominium sales
Notes: New condominium sales
Notes: New condominium sales
Notes: New condominium sales
Notes: New condominium sales
Notes: New condominium sales
Notes: New condominium sales
Notes: New condominium sales
Notes: New condominium sales
Notes: Only Japanese data available for 2018 https://www.mhlw.go.jp/toukei/list/20-21.html
Notes: Only Japanese data available for 2018 https://www.mhlw.go.jp/toukei/list/20-21.html
Notes: Real estate acquisition tax
Notes: The value is -0.01%
Notes: The value is -0.07%
Notes: The value is -0.21%
Notes: The value is -0.23%
Notes: There are no minimum income thresholds
Notes: There are no minimum income thresholds
Notes: There are no minimum income thresholds
Notes: There are no minimum income thresholds
Notes: There are no minimum income thresholds. Even if the borrower’s income is low, he/she may have enough downpayment to meet DTI criteria. Nearly 1% of the borrower had income less than 2 million Yen.
Notes: There is no FICO score in Japan.
Notes: There is no FICO score in Japan.
Notes: There is no FICO score in Japan.
Notes: There is no FICO score in Japan.
Notes: There is no FICO score in Japan.
Notes: Under Deliberation
Notes: Under Deliberation
Notes: Under Deliberation
Notes: Under Deliberation
Notes: Under Deliberation
Notes: Vast majority
Notes: Vast majority
Notes: Vast majority
Notes: Vast majority
Notes: Vast majority