Macro-economic Data

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A. Demography and Macroeconomy

A.1 Population
VariableEnd of 2018End of 2017End of 2016SourcesVar ID
Total population126.53 million126.79 million126.99 million
WDI
A.1.1
Total number of households50.99 million50.43 millionNot available
Ministry of Health, Labour and Welfare
A.1.2
Average household size2.442.47Not available
Ministry of Health, Labour and Welfare
A.1.3
Urban population (% of total)91.62% of total91.54% of total91.46% of total
WDI
A.1.4
Urban population growth (annual %)-.11%-.08%-.03%
WDI
A.1.5
A.2 Economy
VariableEnd of 2018End of 2017End of 2016SourcesVar ID
GDP, current prices (U.S. dollars)4,971,767 USD (millions)4,859,788 USD (millions)4,926,668 USD (millions)
WEO
A.2.1
GDP based on PPP valuation of country GDP (Current international dollar)5,596,959 USD (millions)5,419,727 USD (millions)5,218,510 USD (millions)
WEO
A.2.2
GDP per capita, current prices (U.S. dollars)39,303.96 USD 38,342.74 USD 38,804.86 USD
WEO
A.2.3
GDP based on PPP per capita GDP (Current international dollar)44,246.37 USD 42,760.54 USD 41,103.55 USD
WEO
A.2.4
GDP, constant prices (Percent change).81%1.94%.61%
WEO
A.2.5
Inflation, end of period consumer prices (Percent change).83%.56%.29%
WEO
A.2.6
GDP, deflator (Index)102.72102.82103.06
WEO
A.2.7
Consumer price index104.98103.96103.48
WDI
A.2.8
GINI IndexNot availableNot availableNot available
WDI
A.2.9
Median national annual household incomeNot available37,711.92 USD 40,627.65 USD
Ministry of Health, Labour, and Welfare
A.2.10
Median urban annual household incomeNot available  
Country Editor
A.2.11
Urban minimum wages per month in USDNot available  
Country Editor
A.2.12
Growth in urban household income (%/year)A.2.13
NominalNot available  
Country Editor
A.2.13.1
RealNot available  
Country Editor
A.2.13.2
Employment (% of total laborforce)A.2.14
Self-employedNot available  
Country Editor
A.2.14.1
Informally employedNot available Not available
Country Editor
A.2.14.2
Unemployed2.4%2.8%3.1%
Statistics Bureau of Japan
A.2.14.3
Interest Rates:A.2.15
Central bank lending/discount rateNot available.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 available.05%Not available
IFS
A.2.15.3
Average bank deposit rateNot available.32%.3%
IFS
A.2.15.4
Lending rateNot available.99%1.04%
IFS
A.2.15.5
B. Housing Market
B.1 Housing Stock: Production, Transactions
VariableEnd of 2018End of 2017End of 2016SourcesVar ID
Number of dwelling units:B.1.1
Total62.41 millionNot availableNot available
Housing and Land Statistics Survey
B.1.1.1
Total Urban45.63 millionNot availableNot available
Housing and Land Statistics Survey
B.1.1.2
Percentage of vacant units13.6% of totalNot availableNot available
Housing and Land Statistics Survey
B.1.2
Characteristics of housing stock:B.1.3
Average dwelling unit size-existing93.04 sq.mtNot availableNot available
Housing and Land Statistics Survey
B.1.3.1
% of substandard dwelling units6.59% of totalNot availableNot available
Housing and Land Statistics Survey
B.1.3.2
Tenure in urban areas (%):B.1.4
Owner-occupied units56.79% of totalNot availableNot available
Housing and Land Statistics Survey
B.1.4.1
% of owner units with a mortgageNot available  
Country Editor
B.1.4.2
Private rental units35.25% of totalNot availableNot available
Housing and Land Survey
B.1.4.3
Public / social rental units5.7% of totalNot availableNot available
Housing and Land Survey
B.1.4.4
Other forms of tenure 2.26% of totalNot availableNot available
Housing and Land Survey
B.1.4.5
% of urban units with state recognized lienable titleNot availableNot availableNot available
Country Editor
B.1.4.6
Estimated Number of units completed/yearB.1.5
Formal sector/registeredNot availableNot availableNot available
Country Editor
B.1.5.1
Informal sector/non-registeredNot availableNot availableNot available
Country Editor
B.1.5.2
Number of recorded urban housing transactions/yearNot availableNot availableNot available
Country Editor
B.1.6
B.2 Housing Prices and Cost for Urban Areas or Capital City
VariableEnd of 2018End of 2017End of 2016SourcesVar ID
Median urban house price in USD:B.2.1
New housing531,700 USD 526,700 USD 504,600 USD
Land Institute of Japan
B.2.1.1
Existing housing301,800 USD 285,100 USD 280,200 USD
Land Institute of Japan
B.2.1.2
Median house price to median annual HH income:B.2.2
UrbanNot available  
Country Editor
B.2.2.1
Capital cityNot available  
Country Editor
B.2.2.2
Annual average % change in median house prices:B.2.3
Yearly Rate4.2%4.9%5.5%
Land Institute of Japan
B.2.3.1
1997-2007 average rateNot available  
Country Editor
B.2.3.2
M2 construction cost for median quality houseB.2.4
NationalNot available  
Country Editor
B.2.4.1
UrbanNot availableNot availableNot available
Country Editor
B.2.4.2
Capital cityNot availableNot availableNot 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: 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 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: Existing condominium sales, 2017 yearly price; rounded to nearest 100
Notes: Existing condominium sales; 2017 yearly price; rounded to nearest 100
Notes: Existing condominium sales; rounded to nearest 100
Notes: Existing condominium sales; rounded to nearest 100
Notes: Existing condominium sales; rounded to nearest 100
Notes: Existing condominium sales; rounded to nearest 100
Notes: Existing condominium sales; rounded to nearest 100
Notes: Existing condominium sales; rounded to nearest 100
Notes: Existing condominium sales; rounded to nearest 100
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, rounded to nearest 100
Notes: New condominium sales, rounded to nearest 100
Notes: New condominium sales, rounded to nearest 100
Notes: New condominium sales; 2017 yearly price; rounded to nearest 100
Notes: New condominium sales; 2017 yearly price; rounded to nearest 100
Notes: New condominium sales; rounded to nearest 100
Notes: New condominium sales; rounded to nearest 100
Notes: New condominium sales; rounded to nearest 100
Notes: New condominium sales; rounded to nearest 100
Notes: New condominium sales; rounded to nearest 100
Notes: New condominium sales; rounded to nearest 100
Notes: New condominium sales; rounded to nearest 100
Notes: New condominium sales; rounded to nearest 100
Notes: New condominium sales; rounded to nearest 100
Notes: New condominium sales; rounded to nearest 100
Notes: New condominium sales; rounded to nearest 100
Notes: New condominium sales; rounded to nearest 100
Notes: New condominium sales; rounded to nearest 100
Notes: New condominium sales; rounded to nearest 100
Notes: New condominium sales; rounded to nearest 100
Notes: New condominium sales; rounded to nearest 100
Notes: New condominium sales; rounded to nearest 100
Notes: New condominium sales; rounded to nearest 100
Notes: New condominium sales; rounded to nearest 100
Notes: New condominium sales; rounded to nearest 100
Notes: New condominium sales; rounded to nearest 100
Notes: New condominium sales; rounded to nearest 100
Notes: New condominium sales; rounded to nearest 100
Notes: New condominium sales; rounded to nearest 100
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