Market capitalization excluding top 10 companies to total market in Japan

Japan: Market capitalization excluding top 10 companies to total market was 82.7% in 2020. ▲ Rising

Latest (2020)
82.7%
Change on year
down 2.7%
World rank
2nd
of 51 countries
All-time high
86.5%
in 2018
All-time low
57.0%
in 2007
Years of data
23
1998–2020

Market capitalization excluding top 10 companies to total market in Japan, 1998–2020

0204060801998200920201998: 77.1 %1999: 70.7 %2000: 76.8 %2001: 76.5 %2002: 76 %2003: 78.4 %2004: 78.4 %2005: 69.9 %2006: 62.5 %2007: 57 %2008: 58.5 %2009: 66.3 %2010: 66.2 %2011: 70.3 %2012: 70.8 %2013: 81.8 %2014: 83.6 %2015: 83.8 %2016: 84.4 %2017: 86 %2018: 86.5 %2019: 85 %2020: 82.7 %

Source: World Federation of Exchanges. Measured in %.

Analysis

Japan recorded 82.7% for market capitalization excluding top 10 companies to total market in 2020.

The figure is down 2.7% on the previous year and up 24.9% over ten years.

Over the whole period, market capitalization excluding top 10 companies to total market in Japan peaked at 86.5% in 2018 and was at its lowest, 57.0%, in 2007.

That places Japan 2nd out of 51 countries with data for 2020, putting it in the top 10%.

The long-run direction has been consistently rising across the 23 years of available data.

Market capitalization excluding top 10 companies to total market in Japan, year by year

Annual values for Market capitalization excluding top 10 companies to total market capitalization (%) in Japan, 1998 to 2020.
Year % Change
1998 77.1%
1999 70.7% -8.2%
2000 76.8% +8.6%
2001 76.5% -0.3%
2002 76.0% -0.7%
2003 78.4% +3.2%
2004 78.4% +0.0%
2005 69.9% -10.9%
2006 62.5% -10.5%
2007 57.0% -8.8%
2008 58.5% +2.5%
2009 66.3% +13.3%
2010 66.2% -0.2%
2011 70.3% +6.3%
2012 70.8% +0.6%
2013 81.8% +15.6%
2014 83.6% +2.2%
2015 83.8% +0.2%
2016 84.4% +0.7%
2017 86.0% +1.9%
2018 86.5% +0.6%
2019 85.0% -1.8%
2020 82.7% -2.7%

Japan compared with similar countries

  • Japan's 82.7% is above the median for high income countries, which is 48.6%, 1.7× the median. (29 countries reporting)
  • Japan's 82.7% is above the median for East Asia & Pacific, which is 60.8%, 1.4× the median. (11 countries reporting)

Averages by decade

DecadeAverage LowestHighest Years
1990s 73.9% 70.7% 77.1% 2
2000s 70.0% 57.0% 78.4% 10
2010s 79.8% 66.2% 86.5% 10
2020s 82.7% 82.7% 82.7% 1

Countries ranked near Japan

  1. 1 Slovenia 89.4% compare
  2. 3 United States of America 76.6% compare
  3. 4 India 72.2% compare
  4. 5 United Kingdom of Great Britain and Northern Ireland 70.6% compare

See the full ranking of 51 places →

More financial sector data for Japan

All data for Japan →

Frequently asked questions

What is market capitalization excluding top 10 companies to total market in Japan?
Market capitalization excluding top 10 companies to total market in Japan was 82.7% in 2020, according to World Federation of Exchanges.
What is the highest market capitalization excluding top 10 companies to total market recorded in Japan?
The highest recorded value was 86.5% in 2018.
What is the lowest market capitalization excluding top 10 companies to total market recorded in Japan?
The lowest recorded value was 57.0% in 2007.
How does Japan rank for market capitalization excluding top 10 companies to total market?
Japan ranks 2nd out of 51 countries with data for 2020.
Is market capitalization excluding top 10 companies to total market rising or falling in Japan?
Over the last ten years it is up 24.9%. The long-run trend across the full record is rising.
Where does this Japan data come from?
The figures come from World Federation of Exchanges, published as part of Market capitalization excluding top 10 companies to total market capitalization (%). Statizoid updates them automatically from the source API.

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Market capitalization excluding top 10 companies to total market in Japan. Statizoid, drawing on World Federation of Exchanges. Retrieved 16 September 2026, from https://financial-sector.statizoid.com/stat/market-capitalization-excluding-top-10-companies-to-total-market-capitalization-percent/japan/

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About this data

Indicator
Market capitalization excluding top 10 companies to total market capitalization (%)
Unit
%
Source
World Federation of Exchanges
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
51 places, 902 data points, 1998–2020
Last refreshed

Value of listed shares outside of the top ten largest companies to total value of all listed shares.