In 2023, the share of insurance and financial services in Japan's service exports stood at approximately 8.40%. From 2024 to 2028, this share is forecasted to increase gradually from 8.51% to 8.97%. Year-on-year, the variations suggest a consistent, albeit modest, growth averaging around 0.12 percentage points annually. The five-year CAGR (Compound Annual Growth Rate) forecasts an average annual increase of approximately 1.32% in the share from 2024 to 2028.
Future trends to watch for include:
- The impact of digitalization and financial technology innovations on increasing export capabilities.
- Potential regulatory changes that may enhance or constrain market operations.
- Japan's global competitiveness in reshaping service export dynamics within Asia.