Cyberattacks, supply chain disruption and natural disasters are the most pressing risks facing Japanese organisations, according to Aon’s 2025 Global Risk Management Survey.
The survey highlights a distinctly local risk profile amid a more interconnected global threat landscape.
Conducted between April and June 2025 and drawing on responses from nearly 3,000 organisations across 63 countries, the survey shows cyberattacks and data breaches rank as the top current risk in Japan - consistent with global findings.
However, Japan’s exposure appears more acute. Some 27% of Japanese respondents reported experiencing a cyber-related loss in the past 12 months, compared with 13.9% globally.
Supply chain or distribution failure ranks as the second most critical risk in Japan, reflecting the country’s heavy reliance on imported materials and regional trade flows.
Nearly one in five (19.4%) organisations reported losses linked to supply chain disruption. Weather and natural disasters rank third - significantly higher than the global average - with 32.3% of Japanese respondents reporting losses from extreme weather events such as typhoons, flooding and earthquakes.
Geopolitical volatility and economic slowdown round out Japan’s top five risks. Exchange rate fluctuation also appears in Japan’s top 10, with 47.6% reporting losses related to currency movements - underscoring financial market sensitivity in an import-dependent economy.
While 75.9% of Japanese organisations report having mitigation or review processes in place for cyber risk, far fewer have developed continuity plans (27.2%) or formally quantified their exposure (16.5%). The data suggests prevention measures are more common than structured resilience planning.
The survey also finds Japanese firms are increasingly formalising governance structures. Around 74.7% report having a formal risk management and insurance department, above the global average of 68.4%.
Aon notes that Japan’s risk environment reflects both global disruption trends and structural domestic challenges, including demographic pressures and long-term talent shortages. As risks converge across cyber, climate and geopolitical domains, organisations are being pushed to strengthen resilience, improve risk quantification and reassess insurance strategies in a changing market.
