Slow return to normal

Last update – January 2025
Business environment risk
Political risk
Commercial risk
Financing risk
The country risk assessments are your North Star metrics to make the right decision for your business and understand the risks in international trade.
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Form of state
Parliamentary democracy with a Constitutional Monarchy
Head of government
Shigeru Ishiba (PM)
Next elections
By July 2025, House of Councillors
  • Robust external position (current account surplus, low public external debt)
  • Innovative industries and high-quality products
  • Large financial surplus of non-financial corporations
  • Developed country in a dynamic region
  • Low inflationary pressures
  • Vulnerable to natural disasters
  • Aging population
  • Huge public debt and large public deficits
  • Highly dependent on energy imports
  • Strong competition from neighboring countries in the semiconductor industry
Francoise Huang
Allianz Trade