Geopolitical Risk — Japan

## What this measures

This series tracks the share of articles in ten major newspapers that mention both geopolitical risk and Japan. It reflects media attention to adverse geopolitical events and threats involving Japan, war, military buildups, nuclear threats, terrorism, as a fraction of total coverage.

## Background

Country GPR: share of articles mentioning geopolitical risk and Japan.

The Geopolitical Risk index counts articles about adverse geopolitical events and threats (war, military buildups, nuclear threats, terrorism) as a share of all articles in ten major newspapers, via automated text search. 100 is the 1985–2019 average. Threats and acts are separate sub-indexes; the eight categories are each category's share of all articles, in percent; the country indexes count articles that mention both geopolitical risk and that country.

Source: Caldara, Dario and Matteo Iacoviello (2022), "Measuring Geopolitical Risk," American Economic Review 112(4), 1194–1225. Data: matteoiacoviello.com/gpr.htm, CC BY 4.0. Synced daily by /api/cron/gpr-sync.

## Why it matters

Media attention to geopolitical risk involving Japan signals changing threat perceptions that can affect supply chains, investor confidence and contingency planning for organizations with exposure to the region. Sustained elevated coverage may precede policy shifts, capital flows or operational disruptions in East Asia. Organizations monitor it to gauge when Japan-related geopolitical concerns are rising or fading relative to the baseline.

## How to read it

The value is a percentage: the share of all articles that mention geopolitical risk and Japan. A rise means heightened media focus on threats or events involving Japan; a fall means coverage has declined. Compare periods to see whether attention is above or below historical norms.

## What it does not say

The index measures media coverage, not the severity or likelihood of actual geopolitical events. It does not distinguish between threats to Japan and threats originating from Japan, nor does it capture risk that goes unreported.

## Source

Caldara and Iacoviello construct the index by automated text search of ten newspapers. Palanor downloads the data files published by the authors under CC BY 4.0 license.