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Data from World Bank. Forecasts by Sigmanomics Forecast Engine.
JapanJapan Population, total fell to 124,516,650 Thousands in January 2023
World BankYearlyReleased January 2023
Japan Population, total fell to 124,516,650 Thousands in January 2023, down 608,339 Thousands from December's 125,124,989 Thousands reading.
Latest Release
124516650
Latest (2023)
125124989
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 |
|---|---|---|---|---|---|
| EUR/USD | ▲ Direct | +0.30 | FOREX | Moves with | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Moves with | → View |
| S&P 500 | ▲ Direct | +0.30 | INDEX | Moves with | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Moves with | → View |
| USD/JPY | ▲ Direct | +0.30 | FOREX | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Population Total (Japan) was reported at 123,366,734.00 Number in December 2025. The reading fell from the previous value of 123,975,371.00 Number.
WHY IT MATTERS
The indicator has been trending downward over the last three releases. In December readings over the past 3 years, Population Total has averaged 123,952,918.33 Number.
Auto-generated from current model state · Refreshes on each release · Last update December 2025.
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Population, total - JP
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About Population, total — Japan
DEFINITION
Japan's Population Total for December 2025 registered at 123366734, marking a decline from December 2024's 123975371. This decrease confirms a continuing downward trend in Japan's population over the past year. The shrinking population poses ongoing challenges for economic growth and labor markets. Updated 7/1/26
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released annually.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection.
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EXPECTED ZONE
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