Openness at constant prices for Japan
OPENRPJPA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
29.31
Year-over-Year Change
42.76%
Date Range
1/1/1950 - 1/1/2010
Summary
The 'Openness at constant prices for Japan' metric measures the degree of integration between the Japanese economy and global trade, adjusted for inflation. It is a key indicator for economists and policymakers assessing Japan's economic openness and international competitiveness.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This economic trend represents the ratio of the sum of imports and exports to GDP in Japan, calculated using constant prices to account for the effects of inflation. It provides insight into the level of Japan's international trade activities and integration with the global economy.
Methodology
The data is calculated by the U.S. Federal Reserve based on official trade and GDP statistics from Japan.
Historical Context
Economists and policymakers closely monitor this metric to gauge Japan's trade policies, global competitiveness, and exposure to international economic conditions.
Key Facts
- Japan's openness ratio has fluctuated between 0.25 and 0.35 over the past two decades.
- Trade has played a significant role in Japan's economic growth, accounting for over 30% of GDP.
- Japan has pursued policies to both protect domestic industries and promote exports to maintain a trade surplus.
FAQs
Q: What does this economic trend measure?
A: The 'Openness at constant prices for Japan' metric measures the degree of integration between the Japanese economy and global trade, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into Japan's trade policies, global competitiveness, and exposure to international economic conditions, which are crucial factors for economists and policymakers to monitor.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve based on official trade and GDP statistics from Japan.
Q: How is this trend used in economic policy?
A: Economists and policymakers closely monitor this metric to gauge Japan's trade policies, global competitiveness, and exposure to international economic conditions.
Q: Are there update delays or limitations?
A: The data is subject to the release schedules and methodological changes of the underlying trade and GDP statistics from Japan.
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Citation
U.S. Federal Reserve, Openness at constant prices for Japan (OPENRPJPA156NUPN), retrieved from FRED.