Japan Domestic Credit
Domestic credit provided by financial sector as % of GDP FS.AST.DOMS.GD.ZS
Japan's domestic credit was 367.71% in 2025, ranked 1st globally. This represents a 1.1% decrease from 2024. Data from World Bank, covering 1970–2025.
Overview
Japan's domestic credit stood at 367.71% in 2025, a decline of +4.12% from 2024. Based on recent trends, this figure is projected to reach 367.71% by 2025. Japan ranked 1st globally.
Japan’s domestic credit to the private sector has risen markedly from 127.31 in 1970, the all‑time trough, to a World Bank‑reported 367.71 in 2025, the highest level among all economies. The upward trajectory accelerated after the 2020 peak of 393.57, reflecting sustained credit expansion despite the COVID‑19 shock, and remains well above the United States’ 242.68 and Thailand’s 197.01, the nearest peers in the ranking. Over the 56‑year coverage period, the credit stock more than doubled, driven by accommodative monetary policy, low interest rates, and a persistent demand for corporate financing in a country still grappling with deflationary pressures and an aging population. The contrast with New Zealand’s 155.56 and Fiji’s 153.06 underscores Japan’s unique scale of financial intermediation. Continued policy support and structural reforms could keep the credit line rising, although a shift toward tighter monetary conditions or a prolonged economic slowdown would likely temper the current upward trend.
Data & projection
| Year | Domestic Credit | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 356.71% | - | - |
| 2026* trend | 362.21% | - | - |
| 2025* trend | 367.71% | - | - |
| 2025 | 367.71% | −4.12% | #1 |
| 2024 | 371.83% | −7.56% | #39 |
| 2023 | 379.39% | −5.97% | #49 |
| 2022 | 385.35% | −5.55% | #52 |
| 2021 | 390.90% | −2.67% | #52 |
| 2020 | 393.57% | +30.25% | #52 |
| 2019 | 363.32% | +12.70% | #53 |
| 2018 | 350.62% | −1.53% | #51 |
| 2017 | 352.15% | +5.32% | #53 |
| 2016 | 346.83% | +5.69% | #51 |
| 2015 | 341.14% | −3.78% | #48 |
| 2014 | 344.93% | +7.96% | #46 |
| 2013 | 336.97% | +9.10% | #44 |
| 2012 | 327.87% | +7.44% | #44 |
| 2011 | 320.43% | +8.77% | #43 |
Detected Pattern
Analysis
Japan matched the Export Boom Cycle pattern in 2004. Historically, 71% of countries showing this pattern (546 out of 768) saw domestic credit improve within 24 months. View full analysis →
Frequently Asked Questions
Japan's domestic credit was 367.71% in 2025. Ranked 1st globally. This represents a 1.1% decrease from the previous year.
Japan's domestic credit peaked at 393.57% in 2020.
The lowest domestic credit in Japan was 127.31% in 1970.
Japan ranks 1st globally in domestic credit as of 2025.
The World Bank indicator code is FS.AST.DOMS.GD.ZS. Data sourced from World Bank.
Japan's domestic credit is projected to reach 367.71% by 2025 based on trend extrapolation.
The domestic credit of Japan in 2025 was 367.71%. This ranks 1st in the world.
Cite this page
@misc{historysaid_japan_domestic-credit,
title = {Japan Domestic Credit},
url = {https://historysaid.com/japan/domestic-credit/},
publisher = {HistorySaid},
year = {2026}
}