Japan | Economic Forecasts | 2015-2050 Outlook


Markets Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Currency 124.15 124 125 124 123 114 [+]
Government Bond 10Y 0.41 0.55 0.6 0.55 0.5 1.5 [+]
Stock Market 20533.31 18780 18601 18700 18300 20912 [+]
2 Year Note Yield 0.01 [+]
30 Year Bond Yield 1.43 [+]
GDP Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
GDP 4601.46 4553 4772 4619 4638 4945 [+]
GDP Growth Rate 1.00 0.4 1.17 0.11 0.16 0.49 [+]
GDP Growth Annualized 3.90 0.78 0.13 0.53 0.76 3.26 [+]
GDP Annual Growth Rate -0.90 0.5 0.6 1.05 0.5 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 37595.18 37361 37226 37304 37381 38543 [+]
Gross Fixed Capital Formation 108918.60 109968 110077 110085 110224 116473 [+]
GDP per capita PPP 35634.97 35516 35521 35493 35466 35015 [+]
Labour Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Unemployment Rate 3.30 3.22 3.4 3.16 3.15 3.04 [+]
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 98.48 109 99.37 99.37 [+]
Labor Force Participation Rate 59.80 59.6 59.4 58.87 59.41 60.28 [+]
Wages 301.12 320 502 332 452 358 [+]
Wages in Manufacturing 324.28 334 474 344 412 831 [+]
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 444.24 383 383 383 383 383 [+]
Long Term Unemployment Rate 3.60 3.6 3.6 3.6 3.6 3.6 [+]
Minimum Wages 780.00 780 780 800 800 850 [+]
Wage Growth 0.60 0.65 0.72 0.78 0.84 1.28 [+]
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 0.58 [+]
Consumer Price Index CPI 104.00 104 104 105 105 110 [+]
Core Inflation Rate 0.10 0.55 0.4 0.52 0.36 1.48 [+]
Core Consumer Prices 103.40 103 103 103 103 107 [+]
GDP Deflator 92.80 91.42 97.44 96.25 96.71 97.16 [+]
Producer Prices 103.60 104 104 105 105 110 [+]
Export Prices 115.30 116 116 115 116 116 [+]
Import Prices 118.30 123 122 122 122 122 [+]
Food Inflation 3.10 2.1 1.6 2.18 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 0.10 0.12 0.15 0.2 0.24 0.5 [+]
Money Supply M0 85662.60 85598 85646 85679 85649 85646 [+]
Money Supply M1 618726.80 623735 625064 625198 625241 625349 [+]
Money Supply M2 908745.30 917175 925028 933066 940938 1069955 [+]
Money Supply M3 1221388.40 1228253 1236465 1244271 1252027 1377372 [+]
Central Bank Balance Sheet 345439.50 353831 356949 358468 358809 250942 [+]
Foreign Exchange Reserves 1242900.00 1238877 1235290 1232410 1229932 1318179 [+]
Loans to Private Sector 424212.50 424370 424681 423922 423978 448544 [+]
Foreign Stock Investment -82.10 78.31 67.5 -1528 -1528 351 [+]
Foreign Bond Investment -21.70 147 112 1111 1112 112 [+]
Loan Growth 2.50 2.48 2.46 2.45 2.45 2.44 [+]
Trade Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Balance of Trade -69.00 215 139 190 -59.59 -222 [+]
Exports 6505.74 6263 6168 6098 6041 7027 [+]
Imports 6574.79 6075 5991 5923 5862 8049 [+]
Current Account 1880.90 1558 1079 1333 1223 1555 [+]
Current Account to GDP 0.50 0.97 1.2 1.3 1.41 0.54 [+]
External Debt 340373.00 357505 365324 372558 380119 495578 [+]
Terms of Trade 97.50 96.4 96.85 97.76 98.59 96.55 [+]
Foreign Direct Investment 19830.00 10785 11240 11250 11217 11213 [+]
Capital Flows 36201.00 10972 4495 20411 17806 19171 [+]
Tourist Arrivals 1602200.00 1328061 1335731 1642177 1640980 1624794 [+]
Gold Reserves 765.20 765 765 765 765 765 [+]
Crude Oil Production 5.00 4.1 4.1 4.1 4.1 4.1 [+]
Tourism Revenues 155266000.00 [+]
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 15.08 11.9 7.57 6.78 27.41 [+]
Manufacturing PMI 51.40 49.75 50.07 50.34 50.48 50.41 [+]
Industrial Production 0.20 0.92 0.4 0.11 0.59 0.26 [+]
Industrial Production Mom 0.80 0.19 0.06 -0.02 -0.06 0.11 [+]
Manufacturing Production -3.94 0.74 0.64 1.06 0.73 0.72 [+]
Capacity Utilization 96.40 97.76 99.2 100 102 100 [+]
Leading Economic Index 106.20 107 107 107 107 110 [+]
New Orders 1008.28 1059 1036 1037 1033 1034 [+]
Machinery Orders 0.60 0.38 0.2 2 1.07 1.08 [+]
Changes in Inventories -630.90 -1132 -1006 -1317 -1316 -1458 [+]
Bankruptcies 824.00 806 813 832 853 781 [+]
Corporate Profits 17532.05 20240 21670 21670 16950 15860 [+]
Coincident Index 109.00 109 108 108 108 108 [+]
Economy Watchers Survey 51.00 49.22 47.81 51.64 49.44 49.44 [+]
Car Registrations 239582.00 245943 244730 247238 250601 218396 [+]
Car Production 539173.00 [+]
Competitiveness Index 5.47 5.43 5.43 5.47 5.48 5.39 [+]
Competitiveness Rank 6.00 6.13 6.13 7.6 8.08 7.5 [+]
Corruption Index 76.00 77.7 78.72 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 -8.34 0.3 1.26 1.42 1.5 0.58 [+]
Services Pmi 51.80 50.99 50.97 50.97 50.97 50.97 [+]
Small Business Sentiment 0.00 2 1 -4 -6 -12 [+]
Consumer Actual Q3/15 Q4/15 Q1/16 Q2/16 2020
Consumer Confidence 41.70 41.55 41.36 41.17 41.02 43.9 [+]
Retail Sales MoM -0.80 -0.1 -0.07 -0.02 -0.06 0.79 [+]
Retail Sales YoY 0.90 0.52 2.13 1.43 1.02 3.27 [+]
Household Spending 4.80 1.44 1.4 0.14 -0.66 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 2.11 48.78 -0.54 18.18 17.92 [+]
Bank Lending Rate 1.15 1.16 1.18 1.21 1.23 1.27 [+]
Consumer Credit 231062.00 234634 236124 237679 238955 249190 [+]
Gasoline Prices 1.18 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 0.71 1.45 10 [+]
Construction Orders -7.40 5.13 5.23 5.08 5.34 5.34 [+]
Home Ownership Rate 61.90 61.99 62.03 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 33.91 33.27 32.33 [+]
Personal Income Tax Rate 50.84 50.66 50.66 50.63 50.6 50.84 [+]
Sales Tax Rate 8.00 8 8 7.35 7.35 10 [+]
Social Security Rate 29.25 29.25 29.25 29.25 29.25 33.72 [+]
Social Security Rate For Companies 15.02 15.02 15.02 15.02 15.02 18.77 [+]
Social Security Rate For Employees 14.22 14.22 14.22 14.22 14.22 13.09 [+]



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. 7/30/2015