Stock market turnover ratio (%) in Japan
Japan: Stock market turnover ratio (%) was 94.3% in 2020. ◆ Volatile
Stock market turnover ratio in Japan, 1975–2020
Source: Global Stock Markets Factbook and supplemental S&P data, Standard & Poor's. Measured in %.
Analysis
Japan recorded 94.3% for stock market turnover ratio in 2020.
The figure is up 14.6% on the previous year and down 15.4% over ten years.
Over the whole period, stock market turnover ratio in Japan peaked at 567.4% in 1978 and was at its lowest, 26.9%, in 1992.
That places Japan 7th out of 90 countries with data for 2020, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Stock market turnover ratio (%) in Japan, year by year
| Year | % | Change |
|---|---|---|
| 1975 | 42.5% | — |
| 1976 | 51.0% | +20.0% |
| 1977 | 477.6% | +837.3% |
| 1978 | 567.4% | +18.8% |
| 1979 | 57.5% | -89.9% |
| 1980 | 47.5% | -17.4% |
| 1981 | 61.4% | +29.1% |
| 1982 | 41.9% | -31.6% |
| 1983 | 49.9% | +18.9% |
| 1984 | 49.7% | -0.3% |
| 1985 | 48.0% | -3.4% |
| 1986 | 64.8% | +35.0% |
| 1987 | 73.9% | +14.0% |
| 1988 | 67.1% | -9.2% |
| 1989 | 61.2% | -8.7% |
| 1990 | 52.6% | -14.1% |
| 1991 | 34.3% | -34.8% |
| 1992 | 26.9% | -21.6% |
| 1993 | 31.3% | +16.4% |
| 1994 | 29.8% | -4.9% |
| 1995 | 32.3% | +8.4% |
| 1996 | 39.4% | +22.0% |
| 1997 | 50.0% | +26.9% |
| 1998 | 42.9% | -14.3% |
| 1999 | 45.5% | +6.2% |
| 2000 | 78.6% | +72.6% |
| 2001 | 75.2% | -4.4% |
| 2002 | 83.7% | +11.4% |
| 2003 | 78.8% | -5.9% |
| 2004 | 97.2% | +23.3% |
| 2005 | 94.9% | -2.4% |
| 2006 | 119.2% | +25.6% |
| 2007 | 152.1% | +27.6% |
| 2008 | 199.3% | +31.0% |
| 2009 | 117.0% | -41.3% |
| 2010 | 111.6% | -4.6% |
| 2011 | 129.6% | +16.2% |
| 2012 | 96.2% | -25.8% |
| 2013 | 133.9% | +39.2% |
| 2014 | 110.7% | -17.4% |
| 2015 | 113.8% | +2.9% |
| 2016 | 105.5% | -7.3% |
| 2017 | 92.9% | -12.0% |
| 2018 | 119.0% | +28.2% |
| 2019 | 82.3% | -30.8% |
| 2020 | 94.3% | +14.6% |
Japan compared with similar countries
- Japan's 94.3% is above the median for high income countries, which is 29.1%, 3.2× the median. (49 countries reporting)
- Japan's 94.3% is above the median for East Asia & Pacific, which is 50.1%, 1.9× the median. (13 countries reporting)
Biggest year-on-year movements
Years where Stock market turnover ratio (%) in Japan changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1977 | +837.3% | 51.0% | 477.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 239.2% | 42.5% | 567.4% | 5 |
| 1980s | 56.5% | 41.9% | 73.9% | 10 |
| 1990s | 38.5% | 26.9% | 52.6% | 10 |
| 2000s | 109.6% | 75.2% | 199.3% | 10 |
| 2010s | 109.6% | 82.3% | 133.9% | 10 |
| 2020s | 94.3% | 94.3% | 94.3% | 1 |
Countries ranked near Japan
More financial sector data for Japan
- Reserve position in the IMF, US dollar, annual growth rate 10.42 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0025 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 91.29 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 5.15 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0019 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 66.66 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 10.42 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0025 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 91.29 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 5.15 % change on previous year (2025)
Frequently asked questions
- What is stock market turnover ratio in Japan?
- Stock market turnover ratio in Japan was 94.3% in 2020, according to Global Stock Markets Factbook and supplemental S&P data, Standard & Poor's.
- What is the highest stock market turnover ratio recorded in Japan?
- The highest recorded value was 567.4% in 1978.
- What is the lowest stock market turnover ratio recorded in Japan?
- The lowest recorded value was 26.9% in 1992.
- How does Japan rank for stock market turnover ratio?
- Japan ranks 7th out of 90 countries with data for 2020.
- Is stock market turnover ratio rising or falling in Japan?
- Over the last ten years it is down 15.4%. The long-run trend across the full record is volatile.
- Where does this Japan data come from?
- The figures come from Global Stock Markets Factbook and supplemental S&P data, Standard & Poor's, published as part of Stock market turnover ratio (%). Statizoid updates them automatically from the source API.
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About this data
Ratio of the value of total shares traded to average real market capitalization, the denominator is deflated using the following method: Tt/P_at/{(0.5)*[Mt/P_et + Mt-1/P_et-1] where T is total value traded, M is stock market capitalization, P_e is end-of period CPI. (IFS line 64M..ZF or, if not available, 64Q..ZF) and annual CPI (IFS line 64..ZF) are from the IMF’s International Financial Statistics.