Japan | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q2/16 Q3/16 Q4/16 Q1/17 2020
GDP Growth Rate -0.30 0.5 0.5 0.4 0.3 0.5 percent [+]
Unemployment Rate 3.20 3.1 3.2 3.2 3.2 3.8 percent [+]
Inflation Rate -0.10 0.4 0.6 0.5 0.8 1.8 percent [+]
Interest Rate -0.10 -0.1 -0.1 -0.1 -0.1 0.1 percent [+]
Balance of Trade 754.99 228 -283 -585 332 132 JPY Billion [+]
Government Debt to GDP 229.20 231 232 233 233 241 percent [+]
MARKETS Actual Q2/16 Q3/16 Q4/16 Q1/17 2020
Currency 107.26 111 112 113 115 65.44 [+]
Stock Market 16653.00 16500 16000 15500 15200 21100 points [+]
Government Bond 10Y -0.08 -0.06 -0.06 -0.07 -0.07 -0.09 percent [+]
GDP Actual Q2/16 Q3/16 Q4/16 Q1/17 2020
GDP Growth Rate -0.30 0.5 0.5 0.4 0.3 0.5 percent [+]
GDP Annual Growth Rate 0.70 1.1 1.6 1.2 1 1.3 percent [+]
GDP Growth Annualized -1.10 2 2.3 2.5 2.2 2.9 percent [+]
GDP 4601.46 4787 4787 4787 4810 4941 USD Billion [+]
GDP Constant Prices 527996.90 526881 526800 526489 526261 527330 JPY Billion [+]
Gross National Product 538264.20 538984 539437 539937 540130 540634 JPY Billion [+]
Gross Fixed Capital Formation 107018.20 107012 106914 107119 106974 108767 JPY Billion [+]
GDP per capita 37595.18 37487 37364 37241 37354 38302 USD [+]
GDP per capita PPP 35634.97 35511 35516 35521 35493 35015 USD [+]
GDP From Agriculture 6277.20 6365 6322 6279 6281 6285 JPY Billion [+]
GDP From Construction 28205.10 28217 28445 28674 28880 31700 JPY Billion [+]
GDP From Manufacturing 111231.70 110510 110312 110113 110235 112599 JPY Billion [+]
GDP From Mining 193.80 193 208 223 219 216 JPY Billion [+]
GDP From Public Administration 30779.50 30815 30803 30791 30765 30566 JPY Billion [+]
GDP From Services 95137.40 95605 95077 94549 94639 97135 JPY Billion [+]
GDP From Transport 24319.00 24039 23984 23928 24004 24167 JPY Billion [+]
GDP From Utilities 7612.40 7067 7196 7324 7511 9865 JPY Billion [+]
LABOUR Actual Q2/16 Q3/16 Q4/16 Q1/17 2020
Unemployment Rate 3.20 3.1 3.2 3.2 3.2 3.8 percent [+]
Employed Persons 63390.00 63378 63381 63380 63381 63381 Thousand [+]
Unemployed Persons 2160.00 2173 2157 2167 2160 2163 Thousand [+]
Part Time Employment 6936.00 7013 7055 7098 7140 7782 Thousand [+]
Full Time Employment 20621.00 20629 20630 20630 20630 20630 Thousand [+]
Employment Rate 57.20 57.48 57.63 57.49 57.5 57.52 percent [+]
Labor Force Participation Rate 59.20 59.33 59.33 59.33 59.33 59.33 percent [+]
Long Term Unemployment Rate 1.30 1.28 1.28 1.28 1.29 1.72 percent [+]
Youth Unemployment Rate 5.20 5.36 5.34 5.35 5.35 5.35 percent [+]
Productivity 100.70 96.53 100 96.03 100 96.01 Index Points [+]
Job Vacancies 911.35 911 911 911 911 911 Thousand [+]
Job Advertisements 507.59 417 417 417 417 417 Thousand [+]
Wages 292.43 531 301 663 310 701 JPY Thousand/Month [+]
Wages in Manufacturing 323.84 550 329 801 350 809 JPY Thousand/Month [+]
Wage Growth 0.90 0.42 0.51 0.61 0.63 1.14 percent [+]
Minimum Wages 780.00 800 800 800 820 860 JPY/Hour [+]
Population 126.82 127 127 127 127 125 Million [+]
Retirement Age Women 61.00 61 61 61 61 61 [+]
Retirement Age Men 61.00 61 61 61 61 61 [+]
PRICES Actual Q2/16 Q3/16 Q4/16 Q1/17 2020
Inflation Rate -0.10 0.4 0.6 0.5 0.8 1.8 percent [+]
Inflation Rate Mom 0.10 0.1 0.2 0.2 0.4 0.2 percent [+]
Consumer Price Index CPI 103.30 103 104 105 106 113 Index Points [+]
Core Consumer Prices 102.70 103 104 104 107 111 Index Points [+]
Core Inflation Rate -0.30 0.2 0.4 0.6 0.7 2 percent [+]
GDP Deflator 96.30 96.45 93.73 95.41 95.78 97.15 Index Points [+]
Producer Prices 99.60 100 104 104 103 105 Index Points [+]
Export Prices 102.50 103 104 104 104 104 Index Points [+]
Import Prices 93.40 93.73 93.84 93.81 93.83 93.82 Index Points [+]
Food Inflation 2.60 2.38 2.45 2.56 2.55 2.55 percent [+]
Producer Prices Change -3.80 -3.67 -2.99 -2.05 -1.1 0.13 percent [+]
Cpi Transportation 100.60 101 101 101 101 101 Index Points [+]
MONEY Actual Q2/16 Q3/16 Q4/16 Q1/17 2020
Interest Rate -0.10 -0.1 -0.1 -0.1 -0.1 0.1 percent [+]
Interbank Rate -0.03 -0.03 -0.06 -0.07 -0.09 0.13 percent [+]
Money Supply M0 90956.50 91353 92144 92950 93769 107338 JPY Billion [+]
Money Supply M1 642325.60 640614 647971 655416 662949 787095 JPY Billion [+]
Money Supply M2 923096.30 926809 931960 934012 935425 908088 JPY Billion [+]
Money Supply M3 1245184.50 1254374 1263964 1273834 1284003 1493288 JPY Billion [+]
Central Bank Balance Sheet 405443.70 424457 442323 459701 476801 712096 JPY Billion [+]
Foreign Exchange Reserves 1262099.00 1274235 1281408 1287078 1292253 1358141 USD Million [+]
Loans to Private Sector 433346.10 433195 433104 433078 433067 433060 JPY Billion [+]
Deposit Interest Rate 0.42 0.44 0.42 0.39 0.38 0.5 percent [+]
Foreign Stock Investment 602.00 21.71 -13.69 -14.69 -14.71 -14.71 JPY Billion [+]
Foreign Bond Investment 984.70 176 174 174 174 174 percent [+]
Loan Growth 2.00 1.84 1.73 1.66 1.62 1.55 percent [+]
TRADE Actual Q2/16 Q3/16 Q4/16 Q1/17 2020
Balance of Trade 754.99 228 -283 -585 332 132 JPY Billion [+]
Exports 6456.60 6168 6073 6024 6002 5986 JPY Billion [+]
Imports 5701.61 5564 5538 5530 5528 5527 JPY Billion [+]
Current Account 2434.90 479 344 255 198 1218 JPY Billion [+]
Current Account to GDP 2.90 2.5 2.42 2.2 2.3 3.37 percent [+]
External Debt 355449.00 367454 377712 383458 390646 478770 JPY Billion [+]
Terms of Trade 109.70 110 110 110 110 110 Index Points [+]
Foreign Direct Investment 15272.00 12030 12139 12148 12149 12149 JPY Hundreds Million [+]
Capital Flows 31520.00 17365 18268 18190 18188 18188 JPY HML [+]
Tourism Revenues 154439000.00 185857422 216604289 244773838 270914520 615925253 JPY Thousand [+]
Tourist Arrivals 2009500.00 1991544 1980819 1975914 1973153 1969922 [+]
Gold Reserves 765.20 765 765 765 765 765 Tonnes [+]
Terrorism Index 0.00 0.83 0.89 0.95 1.16 0.47 [+]
Crude Oil Production 4.00 4.03 4.03 4.03 4.03 4.03 BBL/D/1K [+]
GOVERNMENT Actual Q2/16 Q3/16 Q4/16 Q1/17 2020
Government Debt to GDP 229.20 231 232 233 233 241 percent [+]
Government Budget -6.00 -5.83 -5.55 -5.27 -5.15 -4.66 percent of GDP [+]
Government Budget Value -66827.00 -120195 -78448 -53816 -62530 -67367 JPY HND Million [+]
Government Spending 103988.50 104465 104786 105060 105334 108317 JPY Billion [+]
Asylum Applications 773.00 773 773 773 773 773 Persons [+]
BUSINESS Actual Q2/16 Q3/16 Q4/16 Q1/17 2020
Business Confidence 6.00 3.03 0.61 0.13 5 2 [+]
Manufacturing PMI 48.00 50.3 50.9 51.1 51.1 50.8 [+]
Services Pmi 50.00 53.2 53 51.7 52 50.8 Index Points [+]
Industrial Production 0.10 0.55 1.8 2.1 2.3 4.39 percent [+]
Industrial Production Mom 3.60 0.32 0.09 0.08 0.5 0.09 percent [+]
Manufacturing Production -1.26 1.98 1.28 1.62 1.62 3 percent [+]
Capacity Utilization 94.50 94.11 94.18 94.18 94.17 94.17 Index Points [+]
New Orders 1158.21 1060 1059 1059 1059 1059 JPY Billion [+]
Machinery Orders -9.20 -0.38 0.63 0.66 0.64 0.64 percent [+]
Changes in Inventories 1566.60 440 -211 -175 -209 -42.37 JPY Billion [+]
Bankruptcies 746.00 697 679 731 711 710 Companies [+]
Corporate Profits 17763.05 18568 14958 16873 16343 16868 JPY Billion [+]
Coincident Index 110.70 110 110 109 109 109 [+]
Economy Watchers Survey 45.40 45.68 45.32 45.15 45.01 44.6 [+]
Car Production 651663.00 648750 644442 644740 645681 645618 Units [+]
Car Registrations 346794.00 265361 276197 228695 279182 241341 Cars [+]
Leading Economic Index 96.80 91.95 91.37 91.48 91.59 91.62 Index Points [+]
Small Business Sentiment -4.00 -6 -7.73 -7.44 -8.39 -6.92 [+]
Steel Production 8648.00 8611 8569 8574 8580 8579 Thousand Tonnes [+]
Mining Production 1.37 1.5 -1.52 -1.59 -1.64 -1.68 percent [+]
Cement Production 4791.00 4849 4849 4886 4886 4883 Thousands of Tonnes [+]
Competitiveness Index 5.47 5.47 5.47 5.47 5.44 5.38 Points [+]
Competitiveness Rank 6.00 7 7 7 9 6 [+]
Ease of Doing Business 34.00 34 35 36 36 47 [+]
Corruption Index 75.00 76 75 74 74 74 Points [+]
Corruption Rank 18.00 18 19 20 20 19 [+]
CONSUMER Actual Q2/16 Q3/16 Q4/16 Q1/17 2020
Consumer Confidence 41.70 41.87 41.9 41.82 41.77 41.75 [+]
Retail Sales MoM -2.30 0.8 0.4 0.5 0.7 1.2 percent [+]
Retail Sales YoY -1.10 3 1.5 0.8 1 0.9 percent [+]
Household Spending -5.30 -2.56 0.59 -0.87 -0.73 -0.68 percent [+]
Consumer Spending 304389.90 302732 301993 301023 301130 293621 JPY Billion [+]
Disposable Personal Income 394.41 634 384 561 399 438 JPY Thousand [+]
Personal Savings 13.90 21.18 9.76 18.65 12.63 14.96 percent [+]
Bank Lending Rate 0.95 0.93 0.93 0.93 0.93 1.2 percent [+]
Consumer Credit 235780.00 241013 242311 243842 244952 255428 JPY Billion [+]
Gasoline Prices 1.01 1 1 1 1 1.27 USD/Liter [+]
Households Debt To Gdp 65.80 65.86 65.91 65.94 65.95 66 percent of GDP [+]
HOUSING Actual Q2/16 Q3/16 Q4/16 Q1/17 2020
Housing Starts 8.40 0.5 2 0.7 0.7 1.5 percent [+]
Construction Orders 19.80 1.33 1.35 1.35 1.35 1.35 percent [+]
Housing Index 104.56 104 105 104 105 105 Index Points [+]
Home Ownership Rate 61.90 61.95 61.99 62.03 62.06 62.49 percent [+]
TAXES Actual Q2/16 Q3/16 Q4/16 Q1/17 2020
Corporate Tax Rate 33.06 30.06 30.06 33.27 33.33 31.85 percent [+]
Personal Income Tax Rate 50.84 50.72 50.72 50.72 50.72 50.84 percent [+]
Sales Tax Rate 8.00 8 8 8 8 8 percent [+]
Social Security Rate 29.25 29.25 29.25 29.25 29.25 33.27 percent [+]
Social Security Rate For Companies 15.02 15.02 15.02 15.02 15.02 24.06 percent [+]
Social Security Rate For Employees 14.22 14.22 14.22 14.22 14.22 13.09 percent [+]





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. 4/29/2016