Markets Actual Q2/26 Q3/26 Q4/26 Q1/27
Currency 158.80 158 157 156 154
Stock Market (points) 56026.00 50879 48581 46456 44427
Government Bond 10Y (%) 2.39 2.32 2.25 2.18 2.12

Overview Actual Q2/26 Q3/26 Q4/26 Q1/27
GDP Growth Rate (%) 0.30 0.3 0.1 0.4 0.5
GDP Growth Annualized (%) 1.30 1.4 1.5 2 2
GDP Annual Growth Rate (%) 0.10 0.5 0.8 0.7 0.7
Unemployment Rate (%) 2.60 2.7 2.6 2.6 2.6
Inflation Rate (%) 1.30 2.2 2.3 2.1 2
Inflation Rate MoM (%) -0.20 0.2 0.2 0.1 0.1
Interest Rate (%) 0.75 1 1 1 1
Balance of Trade (JPY Billion) 57.27 700 150 -500 -500
Current Account (JPY Billion) 3933.00 1430 1500 980 3300
Manufacturing PMI (points) 51.60 50.8 50 51.5 51.5
Services PMI (points) 53.40 51.3 50.8 51 51.5
Business Confidence (points) 17.00 13 12 15 14
Consumer Confidence (points) 33.30 37 36.9 37 37.5
Retail Sales MoM (%) -2.00 0.8 0.6 -0.5 0.5
Current Account to GDP (% of GDP) 4.70 4.5
Government Debt to GDP (% of GDP) 236.70 228
Government Budget (% of GDP) -2.30 -3.7

GDP Actual Q2/26 Q3/26 Q4/26 Q1/27
GDP Growth Rate (%) 0.30 0.3 0.1 0.4 0.5
GDP Growth Annualized (%) 1.30 1.4 1.5 2 2
GDP Annual Growth Rate (%) 0.10 0.5 0.8 0.7 0.7
GDP Constant Prices (JPY Billion) 589727.60 596286 594133 593856 593856
Gross National Product (JPY Billion) 618448.60 622811 626399 622778 622778
Gross Fixed Capital Formation (JPY Billion) 107469.80 106597 106903 108222 108222
GDP (USD Billion) 4026.21 5390
GDP per Capita (USD) 37144.91 37405
GDP per Capita PPP (USD) 46097.43 46420
Full Year GDP Growth (%) 0.10 0.7
GDP from Public Administration (JPY Billion) 28319.80 28518
GDP from Services (JPY Billion) 24487.50 24659
GDP from Utilities (JPY Billion) 18737.60 18869
GDP from Construction (JPY Billion) 31263.60 31482
GDP from Transport (JPY Billion) 32462.70 32690
GDP from Manufacturing (JPY Billion) 110990.40 111767
GDP from Agriculture (JPY Billion) 5899.90 5941
GDP from Mining (JPY Billion) 210.10 212

Labour Actual Q2/26 Q3/26 Q4/26 Q1/27
Unemployment Rate (%) 2.60 2.7 2.6 2.6 2.6
Unemployed Persons (Thousand ) 1850.00 1720 1750 1730 1730
Employed Persons (Thousand ) 68270.00 68000 68500 68600 68600
Youth Unemployment Rate (%) 3.80 3.9 3.8 3.8 3.8
Productivity (points) 106.70 108 110 115 115
Job Vacancies (Thousand ) 800.00 800 830 845 845
Wages (JPY/Month) 336485.00 636552 340117 772744 342542
Wages in Manufacturing (JPY/Month) 368115.00 681338 371834 944455 374741
Wage Growth (%) 3.30 1.8 1.5 1.8 1.8
Minimum Wages (JPY/Hour) 1064.00 1130
Population (Million) 123.80 123

Prices Actual Q2/26 Q3/26 Q4/26 Q1/27
Inflation Rate (%) 1.30 2.2 2.3 2.1 2
Inflation Rate MoM (%) -0.20 0.2 0.2 0.1 0.1
Consumer Price Index CPI (points) 112.20 114 115 115 114
Core Inflation Rate (%) 1.60 2.3 2.1 2.3 2.3
Core Consumer Prices (points) 111.40 114 114 115 114
GDP Deflator (points) 115.50 116 114 118 118
Producer Prices (points) 128.30 130 129 130 131
Food Inflation (%) 4.00 3 2.5 2.2 2.2
CPI Transportation (points) 99.80 100 100 100 100
CPI Housing Utilities (points) 104.60 106 107 107 107
Producer Prices Change (%) 2.00 2.9 1.9 1.8 2
CPI Core Core (%) 2.50 2.5 2.3 2.1 2.1

Money Actual Q2/26 Q3/26 Q4/26 Q1/27
Interest Rate (%) 0.75 1 1 1 1
Loan Growth (%) 4.50 4.7 3.4 3.5 3.3
Private Debt to GDP (%) 169.90 169

Trade Actual Q2/26 Q3/26 Q4/26 Q1/27
Balance of Trade (JPY Billion) 57.27 700 150 -500 -500
Current Account (JPY Billion) 3933.00 1430 1500 980 3300
Imports (JPY Billion) 9514.31 9300 9200 11000 11000
Exports (JPY Billion) 9571.58 10000 9350 10500 10500
Tourist Arrivals 3466700.00 3000000 2900000 2900000 2900000
Current Account to GDP (% of GDP) 4.70 4.5

Business Actual Q2/26 Q3/26 Q4/26 Q1/27
Manufacturing PMI (points) 51.60 50.8 50 51.5 51.5
Services PMI (points) 53.40 51.3 50.8 51 51.5
Business Confidence (points) 17.00 13 12 15 14
Industrial Production (%) 0.30 2 1 1 1
Manufacturing Production (%) 0.30 1.6 1.3 1.3 1.3
Capacity Utilization (points) 105.10 107 108 110 110
Bankruptcies (Companies) 851.00 840 821 720 720
Corporate Profits (JPY Billion) 30027.03 34500 25000 29500 29500
Economy Watchers Survey (points) 42.20 51.3 51 52 51.5
Car Production (Units) 576093.00 700000 690000 645000 645000
Car Registrations (Units) 265438.00 230000 200000 280000 280000
Leading Economic Index (Points) 112.40 107 114 120 118
Small Business Sentiment (points) 7.00 -1 -3 1 2
Tankan Large Manufacturing Outlook (points) 14.00 13 14 13 13
Reuters Tankan Index (points) 18.00 14 18 11 11
Non Manufacturing PMI (points) 36.00 40 42 45 45
Composite PMI (points) 53.00 50.8 51 51.1 51.1

Consumer Actual Q2/26 Q3/26 Q4/26 Q1/27
Consumer Confidence (points) 33.30 37 36.9 37 37.5
Retail Sales MoM (%) -2.00 0.8 0.6 -0.5 0.5
Retail Sales YoY (%) -0.20 2.3 1.8 1.6 1.6
Household Spending (%) -1.80 2 1.5 1.4 1.4
Consumer Spending (JPY Billion) 309442.20 309438 311589 311608 311608
Disposable Personal Income (JPY Thousand) 432.71 780 417 1017 436
Personal Savings (%) 0.40 4 2 9 9
Bank Lending Rate (%) 2.90 3.15 3.15 3.15 3.15
Consumer Credit (JPY Billion) 58802.70 56735 57679 59214 59214
Gasoline Prices (USD/Liter) 1.11 1.41 1.21 1.01 1.01

Housing Actual Q2/26 Q3/26 Q4/26 Q1/27
Housing Starts (Units) 55898.00 53158 63252 62739 56457
Construction Orders (%) 42.70 2 3 5 5
Housing Starts YoY (Percent) -4.90 -5 -0.5 1 1

Government Actual Q2/26 Q3/26 Q4/26 Q1/27
Government Debt to GDP (% of GDP) 236.70 228
Government Budget (% of GDP) -2.30 -3.7
Government Spending to GDP (% of GDP) 39.40 43