Japan - Domestic credit provided by financial sector (% of GDP)

Domestic credit provided by financial sector (% of GDP) in Japan was 389.23 as of 2020. Its highest value over the past 50 years was 389.23 in 2020, while its lowest value was 130.07 in 1970.

Definition: Domestic credit provided by the financial sector includes all credit to various sectors on a gross basis, with the exception of credit to the central government, which is net. The financial sector includes monetary authorities and deposit money banks, as well as other financial corporations where data are available (including corporations that do not accept transferable deposits but do incur such liabilities as time and savings deposits). Examples of other financial corporations are finance and leasing companies, money lenders, insurance corporations, pension funds, and foreign exchange companies.

Source: International Monetary Fund, International Financial Statistics and data files, and World Bank and OECD GDP estimates.

See also:

Year Value
1970 130.07
1971 143.00
1972 155.31
1973 152.96
1974 149.21
1975 159.29
1976 164.67
1977 167.08
1978 172.75
1979 177.35
1980 182.57
1981 188.49
1982 197.86
1983 205.72
1984 210.70
1985 214.63
1986 223.80
1987 235.75
1988 243.44
1989 251.18
1990 252.97
1991 250.38
1992 257.68
1993 267.60
1994 268.66
1995 272.57
1996 275.74
1997 262.28
1998 280.83
1999 292.05
2000 290.20
2001 280.53
2002 288.41
2003 297.17
2004 293.61
2005 292.24
2006 286.45
2007 278.29
2008 285.19
2009 312.98
2010 311.45
2011 319.94
2012 327.64
2013 335.94
2014 343.41
2015 339.26
2016 344.44
2017 349.73
2018 348.49
2019 357.90
2020 389.23

Development Relevance: Both banking and financial systems enhance growth, the main factor in poverty reduction. At low levels of economic development commercial banks tend to dominate the financial system, while at higher levels domestic stock markets tend to become more active and efficient. The size and mobility of international capital flows make it increasingly important to monitor the strength of financial systems. Robust financial systems can increase economic activity and welfare, but instability can disrupt financial activity and impose widespread costs on the economy.

Limitations and Exceptions: In a few countries governments may hold international reserves as deposits in the banking system rather than in the central bank. Since claims on the central government are a net item (claims on the central government minus central government deposits), the figure may be negative, resulting in a negative figure for domestic credit provided by the banking sector.

Statistical Concept and Methodology: Domestic credit provided by the financial sector as a share of GDP measures banking sector depth and financial sector development in terms of size. The data on domestic credit provided by the financial sector are taken from the financial corporations survey (line 52) of the International Monetary Fund's (IMF) International Financial Statistics or, when unavailable, from its depository corporations survey (line 32). The financial sector includes monetary authorities (the central bank) and deposit money banks, as well as other financial institutions where data are available (including institutions that do not accept transferable deposits but do incur such liabilities as time and savings deposits). Examples of other banking institutions are savings and mortgage loan institutions, finance companies, development banks, and building and loan associations.

Aggregation method: Weighted average

Periodicity: Annual

Classification

Topic: Financial Sector Indicators

Sub-Topic: Assets