Driver Overview
This section shows a country’s rank, ranking change and score for each of the eight drivers. It also categorises each country’s driver performance on a scale from “Emerging” (score from 0-20) to “Global Leader” (score from 80-100).
Rank
Score /100
Best practice
Metric Overview
Strengths
Transparency in public procurement
Japan's public procurement notices are made available online and tender documents transparently detail procurement procedures. The transparency of the process encourages more participation and competition, which drive value for money.
Stocks traded
At 127% of GDP, Japan’s value of stocks traded is the third highest of all InfraCompass 2020 countries. As this indicator measures the liquidity of equities, it is important to infrastructure investors to know they can exit investments at appropriate points.
Recovery rate
According to the World Bank, Japan has the highest recovery rate of all InfraCompass 2020 countries, at 91.8 cents on the dollar in 2019.
Top Performing Metrics
Top Performing Metrics
This is defined by the metrics with the highest unweighted score out of 100.
Procurement:
Transparency in public procurement
Financial markets:
Stocks traded
Governance:
Recovery rate
Opportunities to Grow
Published project pipeline
Japan does not currently have an infrastructure pipeline of projects. The addition of an infrastructure pipeline could help provide infrastructure participants with a clear indication of prospective and confirmed infrastructure activity.
Gross government debt
Japan's gross government debt rose to 238% of GDP in 2019, the highest of all InfraCompass 2020 countries. Given the impact of the COVID-19 pandemic, if Japan's debt or cost of servicing its existing debt were to rise, it may hinder the Japanese government's ability to fund infrastructure.
Value of close infrastructure deals with foreign equity sponsorship
Among the High Income Countries, Japan has the lowest value of closed infrastructure deals with foreign equity sponsorship, at only 0.003%. Increasing foreign investment may reduce financing costs as a result of greater competition.
Metrics to Improve
Metrics to Improve
This is defined by the metrics with the lowest weighted score out of 100, such that these metrics would have the greatest impact on the overall score.
For metrics that have binary outcomes (yes=100/no=0), no comparative income group average is reported.
Planning:
Published project pipeline
Funding capacity:
Gross government debt
Detailed Data
This section shows country data for each of the 41 metrics. The figures in brackets denote the change in score since InfraCompass 2017.
Note that all data has been normalised on a scale of 1-100. For raw metric data, please download the complete InfraCompass 2020 dataset.
Where relevant, some metric scores have been inverted, such that all metrics have positive relationships with good infrastructure outcomes. For example, since lower compliance costs make it easier to invest in infrastructure, the normalised value of ‘number of procedures to start a business’ has been reversed such that lower number of procedures are scored closer to 100, and higher numbers closer to 0. In other words, a score of 0 indicates a poor performance, rather than 0 number of procedures.
28.2%
The recovery rate is recorded as cents on the dollar recovered by secured creditors through reorganisation, liquidation or debt enforcement (foreclosure or receivership) proceedings.
20.7%
World Governance Composite Indicator reflecting perceptions of the extent to which agents have confidence in and abide by the rules of society, and in particular the quality of contract enforcement, property rights, the police, and the courts, as well as the likelihood of crime and violence. The rule of law reflects whether the law imposes limits of power on the state, private sector and individuals.
18.1%
Whether the country conducts post-completion reviews on infrastructure projects to ensure the forecast outcomes are being achieved.
15.1%
Measures the governance practices that protect shareholders through three dimensions: the extent of shareholder rights index (shareholders’ rights and role in major corporate decisions), the extent of ownership and control index (governance safeguards protecting shareholders from undue board control and entrenchment), and the extent of corporate transparency index (corporate transparency on ownership stakes).
12.8%
Political stability and absence of violence score
Measures perceptions of the likelihood of political instability and/or politically-motivated violence, including terrorism. Estimate gives the country's score on the aggregate indicator, in units of a standard normal distribution i.e. ranging from approximately -2.5 to 2.5.
5%
Whether an infrastructure agency exists to coordinate an integrated approach to infrastructure delivery and policy.
Japan
High Income Countries Average
Description
The recovery rate is recorded as cents on the dollar recovered by secured creditors through reorganisation, liquidation or debt enforcement (foreclosure or receivership) proceedings.
Weighting (% of Driver)
28.2%
Source Link
Description
World Governance Composite Indicator reflecting perceptions of the extent to which agents have confidence in and abide by the rules of society, and in particular the quality of contract enforcement, property rights, the police, and the courts, as well as the likelihood of crime and violence. The rule of law reflects whether the law imposes limits of power on the state, private sector and individuals.
Weighting (% of Driver)
20.7%
Description
Whether the country conducts post-completion reviews on infrastructure projects to ensure the forecast outcomes are being achieved.
Weighting (% of Driver)
18.1%
Source Link
Description
Measures the governance practices that protect shareholders through three dimensions: the extent of shareholder rights index (shareholders’ rights and role in major corporate decisions), the extent of ownership and control index (governance safeguards protecting shareholders from undue board control and entrenchment), and the extent of corporate transparency index (corporate transparency on ownership stakes).
Weighting (% of Driver)
15.1%
Source Link
Description
Measures perceptions of the likelihood of political instability and/or politically-motivated violence, including terrorism. Estimate gives the country's score on the aggregate indicator, in units of a standard normal distribution i.e. ranging from approximately -2.5 to 2.5.
Weighting (% of Driver)
12.8%
Description
Whether an infrastructure agency exists to coordinate an integrated approach to infrastructure delivery and policy.
Weighting (% of Driver)
5%
Source Link
Country Overview Data
39,301 USD
Population125.5 million persons
93.2 (0-100 best)
Infrastructure investment3.0% of GDP
Infrastructure gap0.1% of GDP
5,155 USD billion
GDP growth rate0.9%
GDP per capita growth rate3.9%
Gini coefficient32.1 (0-100 worst)
Gross Government Debt238.0% of GDP
Inflation rate1.0%
Summary credit rating77.0 (0-100 best)
Unemployment rate2.4%
Urbanisation ratio92.0% of total population
Road connectivity77.8 (0-100 best)
6.1 (1-7 best)
Efficiency of train services6.8 (1-7 best)
Efficiency of air transport services6.2 (1-7 best)
Efficiency of seaport services5.8 (1-7 best)
Electricity access100.0% of population
Electricity supply quality4.3% of output lost
Exposure to unsafe drinking water1.9% of population
Reliability of water supply6.7 (1-7 best)
Digital Adoption Index0.8 (0-1 best)
Mobile-broadband subscriptions188.9 per 100 population
Fixed-broadband Internet subscriptions32.2 per 100 population