Japan | Economic Forecasts | 2015-2050 Outlook


Markets Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Currency 123.13 124 124 124 124 124 [+]
Government Bond 10Y 0.45 0.55 0.6 0.35 0.41 1.5 [+]
Stock Market 20522.50 18780 18601 19930 19774 20912 [+]
GDP Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
GDP 4901.00 4553 4772 4245 4204 5240 [+]
GDP Growth Rate 1.00 0.41 1.17 0.11 0.16 0.49 [+]
GDP Growth Annualized 3.90 0.78 0.13 0.54 0.77 3.26 [+]
GDP Annual Growth Rate -0.90 0.5 0.6 1.05 0.51 2.08 [+]
GDP Constant Prices 529455.70 524839 535797 531837 531923 585808 [+]
Gross National Product 534253.40 537578 525376 541075 542097 563911 [+]
GDP per capita 37432.91 37698 37837 37724 37610 38543 [+]
Gross Fixed Capital Formation 108918.60 109306 110269 109878 110470 116473 [+]
GDP per capita PPP 35481.11 35212 35355 35324 35294 34707 [+]
Labour Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Unemployment Rate 3.30 3.23 3.4 3.17 3.15 3.05 [+]
Employed Persons 64000.00 63950 64049 64125 64192 64923 [+]
Unemployed Persons 2240.00 2202 2188 2177 2168 2136 [+]
Job Vacancies 860.23 842 837 832 826 872 [+]
Youth Unemployment Rate 5.50 5.5 5.55 5.55 5.55 5.55 [+]
Productivity 92.60 103 98.49 109 99.37 99.38 [+]
Labor Force Participation Rate 59.80 59.6 59.4 58.87 59.41 60.28 [+]
Wages 305.94 320 502 332 452 358 [+]
Wages in Manufacturing 330.71 334 474 344 412 831 [+]
Population 127.02 127 127 127 126 125 [+]
Retirement Age Women 61.00 61 61 61 61 61 [+]
Retirement Age Men 61.00 61 61 61 61 61 [+]
Job Advertisements 321.18 383 383 383 383 383 [+]
Long Term Unemployment Rate 3.60 3.6 3.6 3.6 3.6 3.6 [+]
Minimum Wages 780.00 747 747 747 747 764 [+]
Wage Growth 0.60 0.66 0.72 0.79 0.84 1.29 [+]
Prices Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Inflation Rate 0.50 0.6 0.4 0.3 0.25 3 [+]
Inflation Rate Mom 0.30 0.13 0.15 0.09 0.08 1.58 [+]
Consumer Price Index CPI 104.00 104 104 105 105 110 [+]
Core Inflation Rate 0.10 0.55 0.9 -0.52 -0.36 -0.48 [+]
Core Consumer Prices 103.40 103 103 103 103 107 [+]
GDP Deflator 92.80 91.42 97.44 96.26 96.71 97.16 [+]
Producer Prices 103.90 105 105 105 105 105 [+]
Export Prices 113.40 114 114 114 114 114 [+]
Import Prices 115.40 118 118 118 118 118 [+]
Food Inflation 3.10 2.1 1.6 2.19 2.1 2.8 [+]
Money Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Interest Rate 0.00 0 0 0 0 0.25 [+]
Interbank Rate 0.09 0.18 0.21 0.2 0.19 0.5 [+]
Money Supply M0 85753.80 85346 85431 85419 85367 85381 [+]
Money Supply M1 620044.70 623542 624852 624971 625008 625116 [+]
Money Supply M2 906687.30 915174 922443 930011 937515 1059415 [+]
Money Supply M3 1220918.10 1233412 1242514 1251667 1260671 1409390 [+]
Central Bank Balance Sheet 343140.20 350586 353230 354651 354888 250942 [+]
Foreign Exchange Reserves 1245800.00 1239792 1236441 1233697 1231300 1323127 [+]
Loans to Private Sector 423274.00 424370 424681 423922 423978 448544 [+]
Foreign Stock Investment 298.20 78.31 67.5 -1528 -1528 351 [+]
Foreign Bond Investment -45.20 147 112 1111 1112 112 [+]
Loan Growth 2.60 2.62 2.63 2.63 2.64 2.65 [+]
Trade Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Balance of Trade -216.00 215 139 190 -59.6 -222 [+]
Exports 5740.00 6263 6168 6098 6041 7027 [+]
Imports 5956.00 6075 5991 5923 5862 8049 [+]
Current Account 1326.40 1560 1021 1294 1146 1281 [+]
Current Account to GDP 0.50 0.98 1.2 1.31 1.42 0.55 [+]
External Debt 340373.00 357505 365324 372558 380119 495578 [+]
Terms of Trade 98.30 98.25 98.83 99.63 100 98.47 [+]
Foreign Direct Investment 10850.00 10318 10386 10406 10407 10406 [+]
Capital Flows 6419.00 10972 4495 15491 13004 14568 [+]
Tourist Arrivals 1641800.00 1328061 1335731 1642177 1640980 1624794 [+]
Gold Reserves 765.20 765 765 765 765 765 [+]
Crude Oil Production 4.00 4.1 4.1 4.1 4.1 4.1 [+]
Government Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Government Budget -7.70 -4.2 -4.08 -6.92 -6.75 -6 [+]
Government Debt to GDP 230.00 234 235 236 237 267 [+]
Government Budget Value 10391.00 -68929 -80136 -53588 -75471 -66023 [+]
Government Spending 102757.70 103394 103668 103985 104298 110812 [+]
Credit Rating 81.68 [+]
Business Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Business Confidence 15.00 15.09 11.9 7.57 6.79 27.41 [+]
Manufacturing PMI 50.10 49.76 50.07 50.35 50.48 50.41 [+]
Industrial Production -4.00 0.92 0.4 0.11 0.6 0.26 [+]
Industrial Production Mom -2.20 0.19 0.06 -0.02 -0.06 0.11 [+]
Manufacturing Production -0.10 0.74 0.64 1.06 0.73 0.72 [+]
Capacity Utilization 99.40 101 102 103 104 100 [+]
Leading Economic Index 106.40 108 108 108 108 110 [+]
New Orders 989.93 1056 1032 1034 1030 1041 [+]
Machinery Orders 3.80 0.08 0.06 1.88 0.96 0.96 [+]
Changes in Inventories -630.90 -1132 -1006 -1317 -1316 -1458 [+]
Bankruptcies 724.00 780 780 806 822 720 [+]
Corporate Profits 17532.05 20240 21670 21670 16950 15860 [+]
Coincident Index 111.00 112 112 112 112 112 [+]
Economy Watchers Survey 53.30 51.56 50.31 54.02 51.84 51.83 [+]
Car Registrations 180759.00 250173 248610 248828 251917 218396 [+]
Competitiveness Index 5.47 5.43 5.43 5.43 5.43 5.4 [+]
Competitiveness Rank 6.00 8.56 8.56 8.56 8.56 7.5 [+]
Corruption Index 76.00 77.71 78.73 78.5 78.28 76.11 [+]
Corruption Rank 15.00 14 15 15 15 19.8 [+]
Ease of Doing Business 29.00 31.06 31.56 32.2 32.84 44.36 [+]
Mining Production 4.18 -0.91 -1.26 -1.42 -1.5 -1.58 [+]
Services Pmi 51.50 50.93 50.93 50.93 50.93 50.93 [+]
Small Business Sentiment 1.00 -0.64 -2.31 -4.22 -6.01 -12.2 [+]
Consumer Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Consumer Confidence 41.40 41.48 41.29 41.12 40.98 43.9 [+]
Retail Sales MoM 1.67 -0.05 0.04 -0.03 -0.04 0.79 [+]
Retail Sales YoY 3.00 0.52 2.13 1.43 1.02 3.27 [+]
Household Spending 4.80 1.44 1.4 0.14 -0.67 1.45 [+]
Consumer Spending 308937.00 305857 305923 312907 313094 325980 [+]
Disposable Personal Income 327.87 377 790 389 506 858 [+]
Personal Savings -3.50 2.12 48.78 -0.54 18.19 17.92 [+]
Bank Lending Rate 1.15 1.17 1.2 1.22 1.24 1.27 [+]
Consumer Credit 231062.00 234634 236124 237679 238955 249190 [+]
Gasoline Prices 1.15 1.15 1.15 1.16 1.16 1.23 [+]
Housing Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Housing Index 104.94 104 103 103 103 103 [+]
Housing Starts 5.80 5.41 3.67 0.72 1.45 10 [+]
Construction Orders -7.40 5.13 5.23 5.08 5.35 5.35 [+]
Home Ownership Rate 61.90 62 62.04 62.06 62.09 62.49 [+]
Taxes Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Corporate Tax Rate 33.06 33.11 33.11 38.43 38.43 32.33 [+]
Personal Income Tax Rate 50.84 50.67 50.67 50.63 50.6 50.84 [+]
Sales Tax Rate 8.00 8 8 5.88 5.88 10 [+]
Social Security Rate 29.25 24.72 24.72 24.72 24.72 33.72 [+]
Social Security Rate For Companies 15.02 11.58 11.58 11.58 11.58 18.78 [+]
Social Security Rate For Employees 14.22 13.04 13.04 13.04 13.04 13.1 [+]



Economic Forecasts for Japan including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Japan economy. 7/2/2015