# Japan Credit Rating & Sovereign Risk Score

Makrognosis sovereign credit model scores Japan at 89 out of 100 as of 9 November 2026, equivalent to AA on the familiar letter scale — upper investment grade.
The score is down 0.1 points from 89 on 1 October 2026.
That places Japan 12th of the 84 economies the model scores; Russia has the highest score at 100.
Key inputs include government debt of 195.4% of GDP, a fiscal balance of −1.4% of GDP, a current account balance of 5.3% of GDP.
This is a model-implied assessment built from official macroeconomic data. It is not a credit rating issued by S&P, Moody's or Fitch, and agency ratings are not reproduced here.

- Source: Makrognosis sovereign credit model
- Makrognosis code: `CREDIT:JP`
- Scale: 0–100 (100 = strongest credit); grade equivalent is model-implied
- Page: https://makrognosis.robomacro.com/data/japan/credit-rating

## Score history

| Date | Score | Grade equivalent |
|---|---:|---|
| 2026-11-09 | 89.3 | AA |
| 2026-10-01 | 89.4 | AA |
| 2026-07-31 | 89.4 | AA |
| 2026-07-30 | 86.2 | AA- |
| 2026-07-26 | 86.9 | AA- |
| 2026-06-21 | 85.6 | AA- |
| 2026-06-18 | 82.8 | AA- |

## Inputs

| Input | Value |
|---|---:|
| GDP per capita | US$35,512 |
| Real GDP growth, 5-year average | 1.4% |
| Inflation, recent average | 1.8% |
| Government debt | 195.4% of GDP |
| Fiscal balance | −1.4% of GDP |
| Current account balance | 5.3% of GDP |
| Foreign-exchange reserves | 14.0 months of imports |
| Governance (World Bank WGI composite) | 1.42 |

## API

```
GET https://makrognosis.robomacro.com/v1/credit/JP
```