Japan is considered a developed nation. A nation's level of development is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality and quality of life. As a developed nation, Japan is able to offer its citizens social services such as public education, healthcare, and law enforcement. Citizens of developed countries enjoy a high standard of living and longer life expectancies than citizens of developing countries. Each year, Japan exports about US$697 billion and imports about US$766.6 billion. 3% of the country's population is unemployed. The total number of unemployed in Japan is 3,815,560. In Japan, 16% of the population lives below the poverty line. The percentage of citizens living below the poverty line in Japan is quite high, but it is not a cause for great concern in terms of investment. Potential lenders should look at other economic indicators, including GDP, the rate of urbanization and the strength of the currency, before making investment decisions. Government spending on education is 3.5% of GDP. The country's Gini index is 37.9. Japan is experiencing good equality. The majority of citizens in Japan fall within a narrow income bracket, although some cases can show significant differences. Japan has a Human Development Index (HDI) of 0.89. Japan has a very high HDI value. This suggests that almost all citizens are able to live a desirable life because of social and economic support; Citizens with a low standard of living receive help and support and have the opportunity to rise in society. The Global Peace Index (GPI) for Japan is 1.323. Due to the strong presence of the law enforcement authorities and the high level of social responsibility, Japan is very safe in international comparison. The strength of the rights index for Japan is 4. Overall, it is considered rather weak – bankruptcy and collateral laws can protect the rights of borrowers and lenders to some extent; Credit information may be sufficient but scarcely available, or conversely, available but not sufficient.

Currency

The currency of Japan is Japanese yen. The Japanese yen is a stable currency that can be relied upon for investment opportunities. The plural form of the word Japanese yen is yen. The symbol used for this currency is ¥, and it is abbreviated as JPY.

Credit rating

The depth of credit information index for Japan is 6, which means that information is mostly sufficient and quite detailed; accessibility is not a problem. According to the S&P credit-rating agency, Japan has a credit rating score of A+, and the prospects of this rating are stable. According to the Fitch credit-rating agency, Japan has a credit rating score of A, and the prospects of this rating are stable. According to the Moody's credit-rating agency, Japan has a credit rating score of A1, and the prospects of this rating are stable.

Central bank

In Japan, the institution that manages the state's currency, money supply, and interest rates is called Bank of Japan. Locally, the central bank of Japan is called 日本銀行. The average deposit interest rate offered by local banks in Japan is 0.4%.

Public debt

Japan has a government debt of 14.7% of the country's Gross Domestic Product (GDP), as assessed in 2012.

Tax information

The corporate tax in Japan is set at 30.86%. Personal income tax ranges from 5% to 50%, depending on your specific situation and income level. VAT in Japan is 8%, and it is known as Consumption Tax.

Finances

The total Gross Domestic Product (GDP) valued at Purchasing Power Parity (PPP) in Japan is US$4767157 billion. The gross domestic product (GDP) per capita in Japan, calculated as purchasing power parity (PPP), was last at 37 million US dollars. PPP in Japan is considered below average compared to other countries. Below-average PPPs indicate that citizens in this country find it difficult to buy local goods. Local goods can include food, shelter, clothing, healthcare, personal hygiene, essential furnishings, transportation and communications, laundry, and various types of insurance. Countries with below-average purchasing power parities are dangerous locations for investments. The total gross domestic product (GDP) in Japan is 4,898,532 billion. Based on this statistic, Japan is considered as one large economy. Countries with large economies support a variety of industries and businesses and offer numerous opportunities for investment. Large economies support a significant financial sector, making it easy to organize investments and financial transactions. It should be very easy to find good investment opportunities in Japan. The gross domestic product (GDP) per capita in Japan was last measured at 39 million US dollars. The average citizen in Japan has very little wealth. Countries with very low wealth per capita often have lower life expectancies and a dramatically lower quality of life for their citizens. In countries with very low levels of prosperity, it can be very difficult to find a highly skilled workforce as citizens find it difficult to obtain the training required for specialized industries. However, labor can be found at very low rates compared to countries with higher wealth per capita. The annual GDP growth rate in Japan averaged 1.3% in 2014. According to this percentage, Japan is currently experiencing modest growth.

http://www.confiduss.com/en/jurisdictions/japan/economy/