As of February 2025, the combined monthly market capitalization of companies listed on the Tokyo Stock Exchange (TSE) in Japan amounted to around 957.8 trillion Japanese yen. There were more than 3.9 thousand companies listed on the TSE as of the end of 2024.

Toyota Motor was the leading domestic company in Japan based on market capitalization, which amounted to close to 42.5 trillion Japanese yen in February 2025. Sony Group ranked second with a market capitalization of around 23 trillion yen. With an aggregate market capitalization of over 996 trillion yen in 2024, the Tokyo Stock Exchange is one of the largest stock exchanges in the world.

Graph and download economic data for Stock Market Capitalization to GDP for Japan (DDDM01JPA156NWDB) from 1975 to 2020 about market cap, stock market, capital, Japan, and GDP.

In 2024, the stock trading value of the Tokyo Stock Exchange (TSE) in Japan amounted to 1,322.8 trillion Japanese yen, reaching a decade high. The combined market capitalization of companies listed on the Tokyo Stock Exchange reached 996.3 trillion yen in December 2024.

Key information about Japan Market Capitalization: % of GDP

• Japan Market Capitalization accounted for 163.5 % of its Nominal GDP in Dec 2024, compared with a percentage of 146.5 % in the previous year
• Japan Market Capitalization: % Nominal GDP is updated yearly, available from Dec 1994 to Dec 2024
• The data reached an all-time high of 163.5 % in Dec 2024 and a record low of 47.3 % in Dec 2002

CEIC calculates annual Market Capitalization as % of Nominal GDP from monthly Market Capitalization and annual Nominal GDP. Japan Exchange Group Inc. provides Market Capitalization in local currency. Economic and Social Research Institute provides Nominal GDP in local currency. Market Capitalization covers Tokyo Stock Exchange only, which is not the only equity market in the country but is highly representative. Before July 2013 Total Market Capitalization of TSE covers TSE 1st Section Shares, 2nd Section Shares and Mothers Shares. Since July 2013, Total Market Capitalization of TSE also covers Market Capitalization of Tokyo Pro Market Shares, JASDAQ Standard Shares and JASDAQ Growth Shares. On April 2022, the stock market was restructured into three new market segments (Prime Market, Standard Market, and Growth Market) replacing previous four market divisions: 1st Section, 2nd Section, Mothers, and JASDAQ (Standard and Growth).


Further information about Japan Market Capitalization: % of GDP

• In the latest reports, Prime Market recorded a monthly P/E ratio of 19.9 in Feb 2025
• Nikkei 225 Stock closed at 33,189.0 points in Jun 2023

As of February 2025, the market capitalization of companies listed on the Prime Market of the Tokyo Stock Exchange (TSE) in Japan reached around 921.5 trillion Japanese yen, decreasing from 959.7 trillion Japanese yen in the previous month. The Prime Market at the TSE is reserved for companies which have appropriate levels of market capitalization.

Japan TSE: Market Capitalization: All Shares data was reported at 957,793.075 JPY bn in Feb 2025. This records a decrease from the previous number of 994,445.930 JPY bn for Jan 2025. Japan TSE: Market Capitalization: All Shares data is updated monthly, averaging 252,699.122 JPY bn from May 1949 (Median) to Feb 2025, with 910 observations. The data reached an all-time high of 1,007,704.962 JPY bn in Mar 2024 and a record low of 105.296 JPY bn in Feb 1950. Japan TSE: Market Capitalization: All Shares data remains active status in CEIC and is reported by Japan Exchange Group Inc.. The data is categorized under Global Database’s Japan – Table JP.Z009: Tokyo Stock Exchange: Market Capitalization. Before 2013 July, total Market Capitalization of TSE covers TSE 1st section, 2nd section and Mothers, Starting from 2013 July, total Market Capitalization of TSE also covers market capitalization of TOKYO PRO Market, JASDAQ Standard and JASDAQ Growth.

The main stock market index in Japan (JP225) decreased 2147 points or 5.38% since the beginning of 2025, according to trading on a contract for difference (CFD) that tracks this benchmark index from Japan. Japan Stock Market Index (JP225) - values, historical data, forecasts and news - updated on March of 2025.

Japan JP: Market Capitalization: Listed Domestic Companies data was reported at 6,222.825 USD bn in 2017. This records an increase from the previous number of 4,955.300 USD bn for 2016. Japan JP: Market Capitalization: Listed Domestic Companies data is updated yearly, averaging 3,005.697 USD bn from Dec 1975 (Median) to 2017, with 43 observations. The data reached an all-time high of 6,222.825 USD bn in 2017 and a record low of 21.530 USD bn in 1977. Japan JP: Market Capitalization: Listed Domestic Companies 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.WDI: Financial Sector. Market capitalization (also known as market value) is the share price times the number of shares outstanding (including their several classes) for listed domestic companies. Investment funds, unit trusts, and companies whose only business goal is to hold shares of other listed companies are excluded. Data are end of year values converted to U.S. dollars using corresponding year-end foreign exchange rates.; ; World Federation of Exchanges database.; Sum; Stock market data were previously sourced from Standard & Poor's until they discontinued their 'Global Stock Markets Factbook' and database in April 2013. Time series have been replaced in December 2015 with data from the World Federation of Exchanges and may differ from the previous S&P definitions and methodology.

Japan TSE: Market Cap: 2nd Section: FI: Other Financing Business data was reported at 118.646 JPY bn in Sep 2018. This records a decrease from the previous number of 135.718 JPY bn for Aug 2018. Japan TSE: Market Cap: 2nd Section: FI: Other Financing Business data is updated monthly, averaging 114.435 JPY bn from Jul 1993 (Median) to Sep 2018, with 284 observations. The data reached an all-time high of 2,452.845 JPY bn in Jun 1999 and a record low of 1.924 JPY bn in Nov 2011. Japan TSE: Market Cap: 2nd Section: FI: Other Financing Business data remains active status in CEIC and is reported by Japan Exchange Group. The data is categorized under Global Database’s Japan – Table JP.Z006: Tokyo Stock Exchange: Market Capitalization.

As of the end of January 2025, the electric appliances' industry held the largest market share among companies listed on the Tokyo Stock Exchange (TSE) Prime Market in Japan, accounting for approximately 16.11 percent of the market capitalization. In contrast, the fishery, agriculture, and forestry sector recorded the lowest percentage of less than 0.1 percent.

Japan TSE: Market Cap: 1st Section: Glass and Ceramics Products data was reported at 5,081.427 JPY bn in Oct 2018. This records a decrease from the previous number of 6,208.712 JPY bn for Sep 2018. Japan TSE: Market Cap: 1st Section: Glass and Ceramics Products data is updated monthly, averaging 4,304.210 JPY bn from Jan 1990 (Median) to Oct 2018, with 346 observations. The data reached an all-time high of 9,425.493 JPY bn in Jan 1990 and a record low of 2,193.610 JPY bn in Mar 2003. Japan TSE: Market Cap: 1st Section: Glass and Ceramics Products data remains active status in CEIC and is reported by Japan Exchange Group. The data is categorized under Global Database’s Japan – Table JP.Z006: Tokyo Stock Exchange: Market Capitalization.

Internet Initiative Japan reported $3B in Market Capitalization this March of 2025, considering the latest stock price and the number of outstanding shares.Data for Internet Initiative Japan | IIJI - Market Capitalization including historical, tables and charts were last updated by Trading Economics this last March in 2025.

Japan Post reported JPY4.91T in Market Capitalization this March of 2025, considering the latest stock price and the number of outstanding shares.Data for Japan Post | 6178 - Market Capitalization including historical, tables and charts were last updated by Trading Economics this last March in 2025.

As of the end of 2024, the market capitalization of the Japanese real estate investment trust (J-REIT) market amounted to around 14.3 trillion Japanese yen. The figure decreased from 15.4 trillion yen in the previous year. What is a REIT? Real estate investment trusts are investment vehicles that acquire income-producing real estate and distribute 90 percent or more of the profits generated to investors. In this way, they allow individuals to invest in large-scale commercial properties without owning them themselves. REITs own a variety of properties, from multifamily residences to logistics facilities. Some specialize in a particular sector, while others have a mixed portfolio. REITs were first introduced in the United States in the 1960s. The first Japanese REIT was listed much later in 2001. Since then, the Japanese REIT market has gradually expanded to become one of the largest in the world in terms of market capitalization. The REIT market in Japan Publicly traded REITs in Japan are known under the term J-REITs. Around 57 of them were listed on the Tokyo Stock Exchange in 2024. In addition, there is a growing number of privately placed REITs primarily aimed at institutional investors.J-REITs held over 4.8 thousand properties in 2024. Offices accounted for 37 percent of their portfolio based on the acquisition value. The majority of REIT properties were located in Japan’s capital Tokyo and the surrounding metropolitan region.

Central Japan reported JPY3T in Market Capitalization this March of 2025, considering the latest stock price and the number of outstanding shares.Data for Central Japan | 9022 - Market Capitalization including historical, tables and charts were last updated by Trading Economics this last March in 2025.

Japan TSE: Market Cap: 1st Section: Machinery data was reported at 28,249.277 JPY bn in Oct 2018. This records a decrease from the previous number of 32,311.237 JPY bn for Sep 2018. Japan TSE: Market Cap: 1st Section: Machinery data is updated monthly, averaging 12,656.295 JPY bn from Jan 1990 (Median) to Oct 2018, with 346 observations. The data reached an all-time high of 36,619.653 JPY bn in Jan 2018 and a record low of 7,505.659 JPY bn in Jan 2003. Japan TSE: Market Cap: 1st Section: Machinery data remains active status in CEIC and is reported by Japan Exchange Group. The data is categorized under Global Database’s Japan – Table JP.Z006: Tokyo Stock Exchange: Market Capitalization.

Valued at 230 billion Japanese yen, freee was the leading company listed on the Tokyo Stock Exchange (TSE) Growth Market by market capitalization as of February 2025. Trial Holdings ranked second with a market capitalization of 221.7 billion yen.

Japan Exchange Group reported JPY1.72T in Market Capitalization this March of 2025, considering the latest stock price and the number of outstanding shares.Data for Japan Exchange Group | 8697 - Market Capitalization including historical, tables and charts were last updated by Trading Economics this last March in 2025.

Japan TSE: Market Cap: 1st Section: Real Estate data was reported at 13,845.773 JPY bn in Oct 2018. This records a decrease from the previous number of 14,658.028 JPY bn for Sep 2018. Japan TSE: Market Cap: 1st Section: Real Estate data is updated monthly, averaging 5,564.657 JPY bn from Jan 1990 (Median) to Oct 2018, with 346 observations. The data reached an all-time high of 19,420.746 JPY bn in May 2007 and a record low of 2,279.480 JPY bn in Apr 2003. Japan TSE: Market Cap: 1st Section: Real Estate data remains active status in CEIC and is reported by Japan Exchange Group. The data is categorized under Global Database’s Japan – Table JP.Z006: Tokyo Stock Exchange: Market Capitalization.