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Data from World Bank. Forecasts by Sigmanomics Forecast Engine.
JapanJapan GDP growth (annual %) climbed to 1.92 Percentage (%) in January 2023
World BankYearlyReleased January 2023
Japan GDP growth (annual %) climbed to 1.92 Percentage (%) in January 2023, up 0.97 Percentage (%) from December's 0.95 Percentage (%) reading.
Latest Release
1.92
Latest (2023)
0.95
Previous
World Bank
Source
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| USD/JPY | ▼ Inverse | −0.50 | FOREX | Moves against | → View |
| EUR/JPY | ▼ Inverse | −0.45 | FOREX | Moves against | → View |
| Nikkei 225 | ▲ Direct | +0.45 | INDEX | Moves with | → View |
| GBP/JPY | ▼ Inverse | −0.40 | FOREX | Moves against | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
GDP Growth (Annual %) (Japan) was reported at 1.19 Percent in December 2025. The reading rose from the previous value of -0.24 Percent. This is classified as a high-impact indicator released on a yearly basis.
WHY IT MATTERS
The trailing three releases averaged 0.56 Percent, up from the prior three at -0.18 Percent. In December readings over the past 3 years, GDP Growth (Annual %) has averaged 0.56 Percent.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with USD/JPY (Bullish JPY). A secondary relationship exists with EUR/JPY, negatively correlated (Bullish JPY).
Auto-generated from current model state · Refreshes on each release · Last update December 2025.
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GDP growth (annual %) - JP
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About GDP growth (annual %) — Japan
DEFINITION
Japan's GDP Growth (Annual %) for 2025 surged to 1.193113%, reversing from a contraction of -0.240084% in 2024. This marks a significant economic rebound after a year of decline. The stronger growth figure may influence market expectations and monetary policy discussions ahead. Updated 7/1/26
WHY THIS INDICATOR MATTERS
Aggregate growth figures anchor cyclical positioning across asset classes and inform fiscal and monetary policy debate. Surprises against consensus typically move rates and currencies on release. Released annually.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially higher reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with USD/JPY (Bullish JPY, r=-0.50) — a useful reference for forex-focused traders.
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