{
 "id": "jp-creditgap",
 "name": "Credit-to-GDP gap",
 "region": "japan",
 "layer": "structural",
 "unit": "pp",
 "cadence": "quarterly",
 "state": "normal",
 "qualifier": "4.3 pp below",
 "threshold": {
  "label": "\u003e 10 pp",
  "op": "gt",
  "value": 10
 },
 "distance": 4.3298,
 "score": 63.5,
 "latest": {
  "period": "2026-01-01",
  "value": 5.6702
 },
 "stale": false,
 "trend": "flat",
 "publisher": "Bank for International Settlements",
 "series_code": "WS_CREDIT_GAP Q.JP.P.A.C",
 "licence": "BIS terms of use: free reuse with attribution",
 "description": "Credit to the private non-financial sector as a share of GDP, minus its long-run trend.",
 "points": [
  {
   "period": "1974-10-01",
   "value": -3.8668
  },
  {
   "period": "1975-01-01",
   "value": -5.1581
  },
  {
   "period": "1975-04-01",
   "value": -5.1892
  },
  {
   "period": "1975-07-01",
   "value": -3.5039
  },
  {
   "period": "1975-10-01",
   "value": -0.6993
  },
  {
   "period": "1976-01-01",
   "value": -1.5269
  },
  {
   "period": "1976-04-01",
   "value": -2.5548
  },
  {
   "period": "1976-07-01",
   "value": -2.6208
  },
  {
   "period": "1976-10-01",
   "value": -1.4331
  },
  {
   "period": "1977-01-01",
   "value": -3.1061
  },
  {
   "period": "1977-04-01",
   "value": -4.7556
  },
  {
   "period": "1977-07-01",
   "value": -4.5774
  },
  {
   "period": "1977-10-01",
   "value": -3.9071
  },
  {
   "period": "1978-01-01",
   "value": -5.4069
  },
  {
   "period": "1978-04-01",
   "value": -6.9861
  },
  {
   "period": "1978-07-01",
   "value": -6.882
  },
  {
   "period": "1978-10-01",
   "value": -5.1128
  },
  {
   "period": "1979-01-01",
   "value": -6.5053
  },
  {
   "period": "1979-04-01",
   "value": -7.0547
  },
  {
   "period": "1979-07-01",
   "value": -5.4444
  },
  {
   "period": "1979-10-01",
   "value": -2.9184
  },
  {
   "period": "1980-01-01",
   "value": -2.6749
  },
  {
   "period": "1980-04-01",
   "value": -2.9424
  },
  {
   "period": "1980-07-01",
   "value": -3.0228
  },
  {
   "period": "1980-10-01",
   "value": -2.2711
  },
  {
   "period": "1981-01-01",
   "value": -3.2026
  },
  {
   "period": "1981-04-01",
   "value": -4.4261
  },
  {
   "period": "1981-07-01",
   "value": -2.8637
  },
  {
   "period": "1981-10-01",
   "value": 0.0982
  },
  {
   "period": "1982-01-01",
   "value": 0.0661
  },
  {
   "period": "1982-04-01",
   "value": -0.4044
  },
  {
   "period": "1982-07-01",
   "value": 1.4538
  },
  {
   "period": "1982-10-01",
   "value": 3.8055
  },
  {
   "period": "1983-01-01",
   "value": 5.0461
  },
  {
   "period": "1983-04-01",
   "value": 4.1773
  },
  {
   "period": "1983-07-01",
   "value": 5.2827
  },
  {
   "period": "1983-10-01",
   "value": 7.2193
  },
  {
   "period": "1984-01-01",
   "value": 7.1683
  },
  {
   "period": "1984-04-01",
   "value": 5.1576
  },
  {
   "period": "1984-07-01",
   "value": 6.909
  },
  {
   "period": "1984-10-01",
   "value": 7.2997
  },
  {
   "period": "1985-01-01",
   "value": 7.3665
  },
  {
   "period": "1985-04-01",
   "value": 5.1064
  },
  {
   "period": "1985-07-01",
   "value": 5.5568
  },
  {
   "period": "1985-10-01",
   "value": 6.3649
  },
  {
   "period": "1986-01-01",
   "value": 5.7356
  },
  {
   "period": "1986-04-01",
   "value": 4.4451
  },
  {
   "period": "1986-07-01",
   "value": 6.1581
  },
  {
   "period": "1986-10-01",
   "value": 8.8092
  },
  {
   "period": "1987-01-01",
   "value": 9.5831
  },
  {
   "period": "1987-04-01",
   "value": 14.2558
  },
  {
   "period": "1987-07-01",
   "value": 16.5768
  },
  {
   "period": "1987-10-01",
   "value": 18.2462
  },
  {
   "period": "1988-01-01",
   "value": 15.9981
  },
  {
   "period": "1988-04-01",
   "value": 14.8683
  },
  {
   "period": "1988-07-01",
   "value": 15.9681
  },
  {
   "period": "1988-10-01",
   "value": 17.8646
  },
  {
   "period": "1989-01-01",
   "value": 17.2066
  },
  {
   "period": "1989-04-01",
   "value": 16.8068
  },
  {
   "period": "1989-07-01",
   "value": 19.3923
  },
  {
   "period": "1989-10-01",
   "value": 21.1683
  },
  {
   "period": "1990-01-01",
   "value": 23.7554
  },
  {
   "period": "1990-04-01",
   "value": 19.9487
  },
  {
   "period": "1990-07-01",
   "value": 19.5186
  },
  {
   "period": "1990-10-01",
   "value": 19.0806
  },
  {
   "period": "1991-01-01",
   "value": 15.0713
  },
  {
   "period": "1991-04-01",
   "value": 12.1848
  },
  {
   "period": "1991-07-01",
   "value": 10.6396
  },
  {
   "period": "1991-10-01",
   "value": 10.5578
  },
  {
   "period": "1992-01-01",
   "value": 7.5694
  },
  {
   "period": "1992-04-01",
   "value": 5.9791
  },
  {
   "period": "1992-07-01",
   "value": 5.1973
  },
  {
   "period": "1992-10-01",
   "value": 6.8068
  },
  {
   "period": "1993-01-01",
   "value": 5.2622
  },
  {
   "period": "1993-04-01",
   "value": 4.4768
  },
  {
   "period": "1993-07-01",
   "value": 5.0797
  },
  {
   "period": "1993-10-01",
   "value": 5.8568
  },
  {
   "period": "1994-01-01",
   "value": 2.3565
  },
  {
   "period": "1994-04-01",
   "value": -1.2321
  },
  {
   "period": "1994-07-01",
   "value": -1.9765
  },
  {
   "period": "1994-10-01",
   "value": -2.5346
  },
  {
   "period": "1995-01-01",
   "value": -4.1093
  },
  {
   "period": "1995-04-01",
   "value": -6.7219
  },
  {
   "period": "1995-07-01",
   "value": -6.904
  },
  {
   "period": "1995-10-01",
   "value": -6.6842
  },
  {
   "period": "1996-01-01",
   "value": -9.2163
  },
  {
   "period": "1996-04-01",
   "value": -11.7948
  },
  {
   "period": "1996-07-01",
   "value": -13.3776
  },
  {
   "period": "1996-10-01",
   "value": -13.014
  },
  {
   "period": "1997-01-01",
   "value": -16.4915
  },
  {
   "period": "1997-04-01",
   "value": -17.6781
  },
  {
   "period": "1997-07-01",
   "value": -18.2331
  },
  {
   "period": "1997-10-01",
   "value": -15.4114
  },
  {
   "period": "1998-01-01",
   "value": -17.955
  },
  {
   "period": "1998-04-01",
   "value": -17.9068
  },
  {
   "period": "1998-07-01",
   "value": -16.5553
  },
  {
   "period": "1998-10-01",
   "value": -20.3904
  },
  {
   "period": "1999-01-01",
   "value": -23.0907
  },
  {
   "period": "1999-04-01",
   "value": -24.3945
  },
  {
   "period": "1999-07-01",
   "value": -24.1908
  },
  {
   "period": "1999-10-01",
   "value": -20.9512
  },
  {
   "period": "2000-01-01",
   "value": -23.1092
  },
  {
   "period": "2000-04-01",
   "value": -26.2704
  },
  {
   "period": "2000-07-01",
   "value": -26.1389
  },
  {
   "period": "2000-10-01",
   "value": -26.8655
  },
  {
   "period": "2001-01-01",
   "value": -28.3322
  },
  {
   "period": "2001-04-01",
   "value": -29.6498
  },
  {
   "period": "2001-07-01",
   "value": -28.5782
  },
  {
   "period": "2001-10-01",
   "value": -26.7701
  },
  {
   "period": "2002-01-01",
   "value": -26.3916
  },
  {
   "period": "2002-04-01",
   "value": -26.3719
  },
  {
   "period": "2002-07-01",
   "value": -27.4565
  },
  {
   "period": "2002-10-01",
   "value": -25.5309
  },
  {
   "period": "2003-01-01",
   "value": -26.388
  },
  {
   "period": "2003-04-01",
   "value": -27.9355
  },
  {
   "period": "2003-07-01",
   "value": -28.5562
  },
  {
   "period": "2003-10-01",
   "value": -26.9749
  },
  {
   "period": "2004-01-01",
   "value": -28.3563
  },
  {
   "period": "2004-04-01",
   "value": -29.0602
  },
  {
   "period": "2004-07-01",
   "value": -28.8427
  },
  {
   "period": "2004-10-01",
   "value": -26.8072
  },
  {
   "period": "2005-01-01",
   "value": -24.3598
  },
  {
   "period": "2005-04-01",
   "value": -24.7584
  },
  {
   "period": "2005-07-01",
   "value": -22.3961
  },
  {
   "period": "2005-10-01",
   "value": -20.6391
  },
  {
   "period": "2006-01-01",
   "value": -19.9232
  },
  {
   "period": "2006-04-01",
   "value": -19.2671
  },
  {
   "period": "2006-07-01",
   "value": -17.2443
  },
  {
   "period": "2006-10-01",
   "value": -15.8347
  },
  {
   "period": "2007-01-01",
   "value": -15.422
  },
  {
   "period": "2007-04-01",
   "value": -17.0223
  },
  {
   "period": "2007-07-01",
   "value": -14.9438
  },
  {
   "period": "2007-10-01",
   "value": -12.6764
  },
  {
   "period": "2008-01-01",
   "value": -13.2084
  },
  {
   "period": "2008-04-01",
   "value": -9.8906
  },
  {
   "period": "2008-07-01",
   "value": -8.2801
  },
  {
   "period": "2008-10-01",
   "value": -3.4204
  },
  {
   "period": "2009-01-01",
   "value": -1.3461
  },
  {
   "period": "2009-04-01",
   "value": 0.9653
  },
  {
   "period": "2009-07-01",
   "value": 3.5141
  },
  {
   "period": "2009-10-01",
   "value": 5.1611
  },
  {
   "period": "2010-01-01",
   "value": 2.7448
  },
  {
   "period": "2010-04-01",
   "value": 1.5384
  },
  {
   "period": "2010-07-01",
   "value": -0.412
  },
  {
   "period": "2010-10-01",
   "value": -1.3471
  },
  {
   "period": "2011-01-01",
   "value": -1.6941
  },
  {
   "period": "2011-04-01",
   "value": -0.9434
  },
  {
   "period": "2011-07-01",
   "value": 0.4786
  },
  {
   "period": "2011-10-01",
   "value": 1.4176
  },
  {
   "period": "2012-01-01",
   "value": 0.6915
  },
  {
   "period": "2012-04-01",
   "value": -1.7201
  },
  {
   "period": "2012-07-01",
   "value": -0.1635
  },
  {
   "period": "2012-10-01",
   "value": 1.5318
  },
  {
   "period": "2013-01-01",
   "value": 2.0503
  },
  {
   "period": "2013-04-01",
   "value": 1.228
  },
  {
   "period": "2013-07-01",
   "value": 1.3728
  },
  {
   "period": "2013-10-01",
   "value": 1.925
  },
  {
   "period": "2014-01-01",
   "value": 1.2104
  },
  {
   "period": "2014-04-01",
   "value": -0.2345
  },
  {
   "period": "2014-07-01",
   "value": 0.3105
  },
  {
   "period": "2014-10-01",
   "value": 1.2075
  },
  {
   "period": "2015-01-01",
   "value": 0.2419
  },
  {
   "period": "2015-04-01",
   "value": -1.5708
  },
  {
   "period": "2015-07-01",
   "value": -1.5938
  },
  {
   "period": "2015-10-01",
   "value": -0.6398
  },
  {
   "period": "2016-01-01",
   "value": -1.0284
  },
  {
   "period": "2016-04-01",
   "value": 0.0633
  },
  {
   "period": "2016-07-01",
   "value": 1.9047
  },
  {
   "period": "2016-10-01",
   "value": 3.6939
  },
  {
   "period": "2017-01-01",
   "value": 4.453
  },
  {
   "period": "2017-04-01",
   "value": 4.0799
  },
  {
   "period": "2017-07-01",
   "value": 4.3718
  },
  {
   "period": "2017-10-01",
   "value": 4.8876
  },
  {
   "period": "2018-01-01",
   "value": 4.6648
  },
  {
   "period": "2018-04-01",
   "value": 5.4627
  },
  {
   "period": "2018-07-01",
   "value": 6.8373
  },
  {
   "period": "2018-10-01",
   "value": 8.4738
  },
  {
   "period": "2019-01-01",
   "value": 8.8518
  },
  {
   "period": "2019-04-01",
   "value": 9.2542
  },
  {
   "period": "2019-07-01",
   "value": 10.5045
  },
  {
   "period": "2019-10-01",
   "value": 12.6264
  },
  {
   "period": "2020-01-01",
   "value": 13.1958
  },
  {
   "period": "2020-04-01",
   "value": 23.7384
  },
  {
   "period": "2020-07-01",
   "value": 26.1791
  },
  {
   "period": "2020-10-01",
   "value": 27.0421
  },
  {
   "period": "2021-01-01",
   "value": 26.5631
  },
  {
   "period": "2021-04-01",
   "value": 22.9842
  },
  {
   "period": "2021-07-01",
   "value": 21.3604
  },
  {
   "period": "2021-10-01",
   "value": 21.3163
  },
  {
   "period": "2022-01-01",
   "value": 20.0626
  },
  {
   "period": "2022-04-01",
   "value": 19.9419
  },
  {
   "period": "2022-07-01",
   "value": 18.9306
  },
  {
   "period": "2022-10-01",
   "value": 18.3174
  },
  {
   "period": "2023-01-01",
   "value": 15.7567
  },
  {
   "period": "2023-04-01",
   "value": 13.7375
  },
  {
   "period": "2023-07-01",
   "value": 12.0831
  },
  {
   "period": "2023-10-01",
   "value": 10.869
  },
  {
   "period": "2024-01-01",
   "value": 10.4043
  },
  {
   "period": "2024-04-01",
   "value": 9.4427
  },
  {
   "period": "2024-07-01",
   "value": 6.7199
  },
  {
   "period": "2024-10-01",
   "value": 7.2338
  },
  {
   "period": "2025-01-01",
   "value": 4.6087
  },
  {
   "period": "2025-04-01",
   "value": 3.3488
  },
  {
   "period": "2025-07-01",
   "value": 4.1848
  },
  {
   "period": "2025-10-01",
   "value": 5.8727
  },
  {
   "period": "2026-01-01",
   "value": 5.6702
  }
 ],
 "url": "https://worldstat.us/indicator/jp-creditgap"
}