In 2024, the highest average savings held by multi-person households in Japan were recorded among household heads aged ** to ** years, with average savings amounting to around **** million Japanese yen. The group of household heads aged ** to ** years recorded the highest year-on-year increase, at **** percent. At the same time, a decline of *** percent was recorded in the age group of people aged ** and above.

According to a survey conducted in 2022, close to 20 percent of the respondents in Japan thought that their own household needed to save up to 25 million Japanese yen before going into retirement. At the same time, a share of 17 percent thought that up to 15 million yen were needed before retirement.

Japan JP: Trade Balance: USD: All Services: Insurance And Pension Services data was reported at -7.636 USD bn in 2023. This records an increase from the previous number of -10.918 USD bn for 2022. Japan JP: Trade Balance: USD: All Services: Insurance And Pension Services data is updated yearly, averaging -3.604 USD bn from Dec 1996 (Median) to 2023, with 28 observations. The data reached an all-time high of -1.061 USD bn in 2005 and a record low of -10.918 USD bn in 2022. Japan JP: Trade Balance: USD: All Services: Insurance And Pension Services data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Japan – Table JP.OECD.TISP: Trade in Services: Trade Balance: USD: by Services: OECD Member: Annual. Insurance and pension services covers the provision to non-residents of various types of insurance by resident insurance enterprises, and vice versa.MSITS 2010 recommends that insurance and pension services be disaggregated into four separate sub-components: direct insurance; reinsurance; auxiliary insurance; and pension and standardized guarantee services. Direct insurance is further broken down into life insurance, freight insurance and other direct insurance. Pension and standardized guarantee services is further broken down into pension services and standardized guarantee services.Insurance provides individual units (Governments, enterprises and households) exposed to certain risks with financial protection against the consequences of the occurrence of specified events. In addition, insurers often act as financial intermediaries who invest funds collected from these units in financial or other assets in order to meet future claims. Pension funds are established to provide benefits for retirement or invalidity of specific groups of employees. They are similar to insurance in that they act as intermediaries with regard to investing the funds for their beneficiaries and redistribute some risks. Insurance and pension fund operations have common features, but they can be distinguished. While life insurance and pension funds include a large saving component, the objective of non-life insurance (including term life insurance) is largely to pool risk. The transactions undertaken by insurers include charging premiums, paying claims and investing funds. Similarly, pension fund transactions include receiving contributions, paying benefits and investing funds. In order to analyse the economic processes underlying these operations, it is necessary to examine their components so as to separate services from other elements such as income transfers.Cross-border insurance transactions are particularly common in specialized areas involving reinsurance and high-value items such as ships and aircraft. For some small economies, the small size of their risk pool means that a wider range of items tend to be insured by non-residents. With the international mobility of populations, cross-border transactions in life insurance and pensions can also occur on a significant scale.Direct insurance and reinsurance may apply to both life and non-life policies. A direct insurance transaction occurs between an insurance company and the public. Reinsurance is defined as insurance where both parties to the policy are providers of insurance services; that is to say, reinsurance allows insurance risk to be transferred from one insurer to another. Many insurers act as both direct insurers and reinsurers. Reinsurance and direct insurance services are estimated or valued by the service charges included in the total premiums.

Japan JP: Imports: USD: All Services: Insurance And Pension Services data was reported at 8.747 USD bn in 2023. This records a decrease from the previous number of 13.034 USD bn for 2022. Japan JP: Imports: USD: All Services: Insurance And Pension Services data is updated yearly, averaging 5.122 USD bn from Dec 1996 (Median) to 2023, with 28 observations. The data reached an all-time high of 13.034 USD bn in 2022 and a record low of 1.916 USD bn in 1996. Japan JP: Imports: USD: All Services: Insurance And Pension Services data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Japan – Table JP.OECD.TISP: Trade in Services: Imports: USD: by Services: OECD Member: Annual. Insurance and pension services covers the provision to non-residents of various types of insurance by resident insurance enterprises, and vice versa.MSITS 2010 recommends that insurance and pension services be disaggregated into four separate sub-components: direct insurance; reinsurance; auxiliary insurance; and pension and standardized guarantee services. Direct insurance is further broken down into life insurance, freight insurance and other direct insurance. Pension and standardized guarantee services is further broken down into pension services and standardized guarantee services.Insurance provides individual units (Governments, enterprises and households) exposed to certain risks with financial protection against the consequences of the occurrence of specified events. In addition, insurers often act as financial intermediaries who invest funds collected from these units in financial or other assets in order to meet future claims. Pension funds are established to provide benefits for retirement or invalidity of specific groups of employees. They are similar to insurance in that they act as intermediaries with regard to investing the funds for their beneficiaries and redistribute some risks. Insurance and pension fund operations have common features, but they can be distinguished. While life insurance and pension funds include a large saving component, the objective of non-life insurance (including term life insurance) is largely to pool risk. The transactions undertaken by insurers include charging premiums, paying claims and investing funds. Similarly, pension fund transactions include receiving contributions, paying benefits and investing funds. In order to analyse the economic processes underlying these operations, it is necessary to examine their components so as to separate services from other elements such as income transfers.Cross-border insurance transactions are particularly common in specialized areas involving reinsurance and high-value items such as ships and aircraft. For some small economies, the small size of their risk pool means that a wider range of items tend to be insured by non-residents. With the international mobility of populations, cross-border transactions in life insurance and pensions can also occur on a significant scale.Direct insurance and reinsurance may apply to both life and non-life policies. A direct insurance transaction occurs between an insurance company and the public. Reinsurance is defined as insurance where both parties to the policy are providers of insurance services; that is to say, reinsurance allows insurance risk to be transferred from one insurer to another. Many insurers act as both direct insurers and reinsurers. Reinsurance and direct insurance services are estimated or valued by the service charges included in the total premiums.

The Government Pension Investment Fund (GPIF) began managing Japanese pension reserves in the fiscal year of 2001 and had returns exceeding *** trillion yen by 2024. Investment income amounted to ****** trillion yen between 2001 and second quarter 2024, up from negative ***** billion yen in the first year. From 2016 to 2021, GPIF had one of the lowest returns among major state-owned investors worldwide.

Japan JP: Exports: USD: All Services: Insurance And Pension Services data was reported at 1.111 USD bn in 2023. This records a decrease from the previous number of 2.116 USD bn for 2022. Japan JP: Exports: USD: All Services: Insurance And Pension Services data is updated yearly, averaging 1.091 USD bn from Dec 1996 (Median) to 2023, with 28 observations. The data reached an all-time high of 2.389 USD bn in 2018 and a record low of -395.200 USD mn in 2012. Japan JP: Exports: USD: All Services: Insurance And Pension Services data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Japan – Table JP.OECD.TISP: Trade in Services: Exports: USD: by Services: OECD Member: Annual. Insurance and pension services covers the provision to non-residents of various types of insurance by resident insurance enterprises, and vice versa.MSITS 2010 recommends that insurance and pension services be disaggregated into four separate sub-components: direct insurance; reinsurance; auxiliary insurance; and pension and standardized guarantee services. Direct insurance is further broken down into life insurance, freight insurance and other direct insurance. Pension and standardized guarantee services is further broken down into pension services and standardized guarantee services.Insurance provides individual units (Governments, enterprises and households) exposed to certain risks with financial protection against the consequences of the occurrence of specified events. In addition, insurers often act as financial intermediaries who invest funds collected from these units in financial or other assets in order to meet future claims. Pension funds are established to provide benefits for retirement or invalidity of specific groups of employees. They are similar to insurance in that they act as intermediaries with regard to investing the funds for their beneficiaries and redistribute some risks. Insurance and pension fund operations have common features, but they can be distinguished. While life insurance and pension funds include a large saving component, the objective of non-life insurance (including term life insurance) is largely to pool risk. The transactions undertaken by insurers include charging premiums, paying claims and investing funds. Similarly, pension fund transactions include receiving contributions, paying benefits and investing funds. In order to analyse the economic processes underlying these operations, it is necessary to examine their components so as to separate services from other elements such as income transfers.Cross-border insurance transactions are particularly common in specialized areas involving reinsurance and high-value items such as ships and aircraft. For some small economies, the small size of their risk pool means that a wider range of items tend to be insured by non-residents. With the international mobility of populations, cross-border transactions in life insurance and pensions can also occur on a significant scale.Direct insurance and reinsurance may apply to both life and non-life policies. A direct insurance transaction occurs between an insurance company and the public. Reinsurance is defined as insurance where both parties to the policy are providers of insurance services; that is to say, reinsurance allows insurance risk to be transferred from one insurer to another. Many insurers act as both direct insurers and reinsurers. Reinsurance and direct insurance services are estimated or valued by the service charges included in the total premiums.