Japan recorded a Government Budget deficit equal to 6.40 percent of the country's Gross Domestic Product in 2022. This dataset provides - Japan Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The budget balance in relation to the gross domestic product (GDP) in Japan was estimated at -1.53 percent in 2024. Between 1980 and 2024, the budget balance rose by 2.89 percentage points, though the increase followed an uneven trajectory rather than a consistent upward trend. The budget balance is forecast to decline by 2.87 percentage points from 2024 to 2030, fluctuating as it trends downward.The indicator describes the general government net lending / borrowing, which is calculated as revenue minus total expenditure. The International Monetary Fund defines the general government expenditure as consisting of total expenses and the net acquisition of nonfinancial assets. The general government revenue consists of the revenue from taxes, social contributions, grants receivable, and other revenue.

Japan recorded a government budget deficit of 297690 JPY Hundred Million in the second quarter of 2025. This dataset provides - Japan Government Budget Value - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The budget balance in Japan was estimated at -62.67 billion U.S. dollars in 2024. Between 1980 and 2024, the budget balance rose by 13.46 billion U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. The budget balance is forecast to decline by 149.63 billion U.S. dollars from 2024 to 2030, fluctuating as it trends downward.

Monthly and long-term Japan Fiscal Balance data: historical series and analyst forecasts curated by FocusEconomics.

Key information about Japan Consolidated Fiscal Balance

• Japan Consolidated Fiscal Balance recorded a deficit equal to 331.331 USD bn in Dec 2023, compared with a deficit equal to 397.694 USD bn in the previous year.
• Japan Consolidated Fiscal Balance data is updated yearly, available from Dec 1995 to Dec 2023, with an average ratio of -326.578 USD bn.
• The data reached an all-time high of -150.272 USD bn in Dec 1997 and a record low of -748.714 USD bn in Dec 2020.

CEIC shifts year-end for annual Consolidated Fiscal Balance and converts it into USD. Consolidated Fiscal Balance is calculated as Total Revenue excluding Revenue from Government Bond less Expenditure. The Ministry of Finance provides Consolidated Fiscal Balance in local currency. Federal Reserve Board average market exchange rate is used for currency conversions. Consolidated Fiscal Balance is in annual frequency, ending in March of each year.

Government Spending in Japan increased to 120025.80 JPY Billion in the third quarter of 2025 from 119409.20 JPY Billion in the second quarter of 2025. This dataset provides - Japan Government Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Japan JP: Net Incurrence of Liabilities: Total data was reported at 22,224,100.000 JPY mn in 2017. This records an increase from the previous number of 12,981,200.000 JPY mn for 2016. Japan JP: Net Incurrence of Liabilities: Total data is updated yearly, averaging 31,391,550.000 JPY mn from Mar 1992 (Median) to 2017, with 26 observations. The data reached an all-time high of 69,666,200.000 JPY mn in 2004 and a record low of -7,759,000.000 JPY mn in 1992. Japan JP: Net Incurrence of Liabilities: Total data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Japan – Table JP.World Bank: Government Revenue, Expenditure and Finance. Net incurrence of government liabilities includes foreign financing (obtained from nonresidents) and domestic financing (obtained from residents), or the means by which a government provides financial resources to cover a budget deficit or allocates financial resources arising from a budget surplus. The net incurrence of liabilities should be offset by the net acquisition of financial assets.; ; International Monetary Fund, Government Finance Statistics Yearbook and data files.; ;

Japan recorded a Government Debt to GDP of 236.70 percent of the country's Gross Domestic Product in 2024. This dataset provides the latest reported value for - Japan Government Debt to GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

In 2023, the negative fiscal balance of the general government in Japan accounted for around *** percent of the gross domestic product (GDP). A negative fiscal balance means that government expenditures exceeded revenues.

Key information about Japan National Government Debt

• Japan National Government Debt reached 9,396.6 USD bn in Apr 2023, compared with 9,570.6 USD bn in the previous month.
• Japan National Government Debt data is updated monthly, available from Apr 1982 to Apr 2023.
• The data reached an all-time high of 12,619.3 USD bn in Sep 2012 and a record low of 422.2 USD bn in Oct 1982.

CEIC converts monthly Government Debt into USD. The Bank of Japan provides Government Debt in local currency. The Federal Reserve Board period end market exchange rate is used for currency conversions. Government Debt covers Central Government only.


Related information about Japan National Government Debt

• In the latest reports, Japan Consolidated Fiscal Balance recorded a deficit equal to 6.2 % of its Nominal GDP in Mar 2024.
• The country's Government debt accounted for 226.1 % of its Nominal GDP in Mar 2023.
• Japan Nominal GDP reached 1,080.1 USD bn in Mar 2023.

Japan Fiscal Balance: GT: excl RM: % of Nominal GDP data was reported at -0.500 % in 2035. This records a decrease from the previous number of -0.400 % for 2034. Japan Fiscal Balance: GT: excl RM: % of Nominal GDP data is updated yearly, averaging -3.700 % from Mar 2003 (Median) to 2035, with 33 observations. The data reached an all-time high of -0.200 % in 2032 and a record low of -10.200 % in 2021. Japan Fiscal Balance: GT: excl RM: % of Nominal GDP data remains active status in CEIC and is reported by Cabinet Office. The data is categorized under Global Database’s Japan – Table JP.F009: Central and Local Government: Public Finance.

Forecast: Social Security Government Fiscal Balance in Japan 2024 - 2028 Discover more data with ReportLinker!

In 2023, the primary balance of the general government in Japan was negative, equivalent to around *** percent of the gross domestic product (GDP). The primary balance is the government's fiscal balance excluding debt servicing costs.

Japan Fiscal Balance: GT: incl RM data was reported at -4.000 JPY tn in 2035. This records a decrease from the previous number of -2.900 JPY tn for 2034. Japan Fiscal Balance: GT: incl RM data is updated yearly, averaging -21.700 JPY tn from Mar 2003 (Median) to 2035, with 33 observations. The data reached an all-time high of -2.900 JPY tn in 2034 and a record low of -56.200 JPY tn in 2021. Japan Fiscal Balance: GT: incl RM data remains active status in CEIC and is reported by Cabinet Office. The data is categorized under Global Database’s Japan – Table JP.F009: Central and Local Government: Public Finance.

For the fiscal year 2025, the potential national burden rate in Japan was projected to be **** percent. The potential national burden rate is the sum of the national burden rate and the fiscal deficit as a percentage of the national income.

PROJECT DESCRIPTION: Replication package for “Budget deficits and money creation: Exploring their relation before Bretton Woods”, to be published in Explorations in Economic History (accepted December 2018). Panel of seventeen countries from 1870 to 1938. Ten countries are sometimes-floaters before the WWI: Argentina, Bulgaria, Brazil, Chile, Greece, Italy, Japan, Portugal, Romania and Spain. Seven countries are never-floaters before the WWI: Canada, Finland, the Netherlands, Norway, Sweden, the UK and the USA. Equation8.dta (Stata format): Data of public budget, monetary base and nominal GDP. Replication program Equation 8 offers a dynamic heterogeneous estimation of variations in the monetary base on the budget balance. Equation9.dta (Stata format): Data of variations in the monetary base, real GDP per capita( in 1990 Geary-Khamis dollars), average of public spending level , standard deviation of public spending levels, ratio of debt to nominal GDP and number of cabinet changes per year. Replication program Equation 9 offers a dynamic panel estimation of variations in the monetary base on the rest of variables. Abstract of the paper: The sovereign debt crisis in the Eurozone has rekindled the use of the North-South (core-periphery) terminology to refer to the heterogeneity of countries belonging to the Economic and Monetary Union (EMU). In the gold standard literature, this geographical partition had already been employed to oppose the fiscal profligacy and subsequent problems of convertibility of southern countries against the fiscal probity and long convertibility records of their northern counterparts. We provide statistical evidence that the group of countries that, with available data for 1870-1938, exhibited convertibility problems during the classical gold standard, for this reason called the pre-WWI sometimes-floaters, shared a pattern of fiscal dominance. This finding for the sometimes-floaters (southern European and South American countries plus Japan) differs from the non-fiscal dominance pattern that we obtain for the pre-WWI never-floaters (northern Europe and North America countries) when the Great War and its aftermath years are omitted. We also show that the presence of fiscal dominance was partly due to the lower levels of tax efficiency and political stability in the South.

This survey, in addition to assessing the Clinton presidency, focused on opinions related to Japan. Respondents were asked about Bill Clinton's handling of the presidency, foreign policy, and the economy. They were also asked about Clinton's economic plan and about his political orientation, leadership qualities, ability to deal with an international crisis, and concern for the needs and problems of people. Additional questions concerned the fairness of a gasoline tax to reduce the federal budget deficit, and whether the government works better when the president and the majority of Congress both belong to the same political party. Concerning Japan, respondents were asked to identify the country that would become the United States' most important economic and diplomatic partner in the next century, to describe present and future relations between Japan and the United States, to indicate their feelings toward Japan, to consider whether Japan would be the number one economic power in the world in the next century, and to describe the current condition of the Japanese economy. Respondents were asked whether Japanese companies were competing unfairly with American companies, whether the United States, Japan, or Germany made products and cars of higher quality, whether Japan was more advanced in high technology, and whether Japan would achieve a higher level of technology in manufacturing than the United States in the next century. Further questions concerning Japan dealt with trade, protectionism, the dispute with Russia over four islands captured by Russia during World War II, participation in international peace-keeping operations, and the provision of military and financial assistance in response to requests by allies. Additional topics included the North American Free Trade Agreement (NAFTA), Bosnia, Somalia, and immigration. The call-back portion of the survey focused on opinion regarding the American attack on the headquarters of the Iraqi Intelligence Agency in Baghdad in response to evidence of an Iraqi plot to assassinate then-President George Bush. Background information on respondents includes voter registration status, household composition, 1992 presidential vote, amount of attention paid to news about Japan and Russia, nationality of company that made respondent's car, political party, political orientation, marital status, religious preference, education, age, race, Hispanic origin, family income, and sex.

Japan Fiscal Balance: Economic Growth: Excl RM data was reported at -11.600 JPY tn in 2028. This records a decrease from the previous number of -11.100 JPY tn for 2027. Japan Fiscal Balance: Economic Growth: Excl RM data is updated yearly, averaging -22.650 JPY tn from Mar 2003 (Median) to 2028, with 26 observations. The data reached an all-time high of -10.900 JPY tn in 2026 and a record low of -44.100 JPY tn in 2010. Japan Fiscal Balance: Economic Growth: Excl RM data remains active status in CEIC and is reported by Cabinet Office. The data is categorized under Global Database’s Japan – Table JP.F007: Cental and Local Governments' Public Finance.

This special topic poll, conducted March 20-22, 1990, examined Americans' attitudes toward Japan and was fielded for the Japanese broadcasting company NHK. Views were sought on whether the French and Japanese were as friendly as other people in the world and which group was more difficult for Americans to deal with. A series of questions addressed Japanese trade and investment in the United States, whether the federal budget deficit or the international trade deficit posed a bigger problem for the United States, whether an economically strong Japan threatened United States' national security, and whether the economic power of Japan or the military power of the Soviet Union was a bigger threat to the United States. Other topics covered recent trade disputes between the United States and Japan, reasons for the United States' trade deficit with Japan, the impact of Japan building up its military force, and stereotyped images of the Japanese people. Demographic variables include sex, age, race, education level, employment status, and household income.