The Venture Capital & Private Equity
Country Attractiveness Index
Alexander Groh, Heinrich Liechtenstein, Karsten Lieser and Markus Biesinger

Japan  
Rank: 3 · Score: 87.4  

Basic facts, 2020        
Population (millions) 125.8   IPOs and pulic issues (quartile) Top
GDP (US$ billions) 5,051.0   M&A volume (quartile) Top
GDP per capita (US$) 40,162.0   Venture capital investments (quartile) Top
GDP growth (per cent) -4.8   Private equity investments (quartile) Top
 
 
 
Performance Overview
Indicator   Rank / 125 Rank Trend Score
VC/PE Country Attractiveness Index 3 120, 120, 120, 120, 122 87.4
1 Economic Activity 3 120, 121, 121, 121, 122 93.6
2 Depth of Capital Market 5 120, 120, 120, 120, 120 89.2
3 Taxation 19 90, 100, 105, 106, 106 102.9
4 Investor Protection and Corporate Governance 18 107, 108, 108, 108, 107 94.0
5 Human and Social Environment 10 117, 116, 117, 117, 115 60.5
6 Entrepreneurial Opportunities 3 122, 122, 122, 122, 122 94.5


 
Historic performance, 2017-2021   Key driver performance, 2021
 

   
VC/PE Rank  
VC Rank  
PE Rank
Japan  
Asia
 
 
 
Peer Group Comparison
 
Regional Peers Economic Activity Depth of Capital Market Taxation Investor Protection and
Corporate Governance
Human and Social
Environment
Entrepreneurial
Opportunites
Japan 93.6 89.2 102.9 94.0 60.5 94.5
Singapore 82.6 80.8 102.3 113.7 64.2 88.0
China 101.9 94.4 107.5 66.6 62.5 88.2
Korea, South 89.4 88.3 102.4 88.4 48.8 97.5
Hong Kong 79.7 87.9 100.0 109.7 56.7 78.8
Malaysia 84.2 80.1 98.0 96.6 42.9 72.7
Taiwan 85.5 82.2 103.7 87.1 52.1 55.4
Last updated: 21 Jun 2021