Japan | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q2/16 Q3/16 Q4/16 Q1/17 2020
GDP Growth Rate 0.40 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 -0.30 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 823.47 413 -283 -585 332 442 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 111.16 111 112 113 115 65.44 [+]
Stock Market 17068.00 16500 16000 15500 15200 21100 points [+]
Government Bond 10Y -0.11 -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 0.40 0.5 0.5 0.4 0.3 0.5 percent [+]
GDP Annual Growth Rate 0.00 1.1 1.6 1.2 1 1.3 percent [+]
GDP Growth Annualized 1.70 2 2.3 2.5 2.2 2.9 percent [+]
GDP 4601.46 4787 4787 4787 4810 4941 USD Billion [+]
GDP Constant Prices 530014.80 526881 526800 526489 526261 527330 JPY Billion [+]
Gross National Product 539903.60 541417 542796 544316 546121 573373 JPY Billion [+]
Gross Fixed Capital Formation 105837.00 106789 106975 107023 107094 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 6291 6267 6244 6218 5756 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 63870.00 64113 64178 64229 64282 64818 Thousand [+]
Unemployed Persons 2160.00 2173 2157 2167 2160 2163 Thousand [+]
Part Time Employment 6925.00 6984 7025 7067 7109 7740 Thousand [+]
Full Time Employment 20493.00 20526 20553 20554 20552 20552 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 5.80 5.51 5.56 5.55 5.55 5.55 percent [+]
Productivity 107.00 100 104 99.07 103 99.08 Index Points [+]
Job Vacancies 850.61 852 844 836 829 805 Thousand [+]
Job Advertisements 441.20 418 432 436 431 433 Thousand [+]
Wages 313.44 531 301 663 310 701 JPY Thousand/Month [+]
Wages in Manufacturing 336.00 550 329 801 350 809 JPY Thousand/Month [+]
Wage Growth 1.40 0.42 0.75 0.81 0.83 1.26 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 -0.30 0.4 0.6 0.5 0.8 1.8 percent [+]
Inflation Rate Mom 0.20 0.1 0.2 0.2 0.4 0.2 percent [+]
Consumer Price Index CPI 103.40 103 104 105 106 113 Index Points [+]
Core Consumer Prices 102.90 103 104 104 107 111 Index Points [+]
Core Inflation Rate -0.30 0.2 0.4 0.6 0.7 2 percent [+]
GDP Deflator 93.40 96.38 93.69 96.8 93.92 97.84 Index Points [+]
Producer Prices 99.30 100 104 104 103 105 Index Points [+]
Export Prices 101.50 102 103 103 103 103 Index Points [+]
Import Prices 92.20 91.59 91.67 91.62 91.65 91.64 Index Points [+]
Food Inflation 1.30 2.38 2.45 1.68 1.72 1.71 percent [+]
Producer Prices Change -4.20 -4.34 -3.89 -2.95 -1.87 0.08 percent [+]
Cpi Transportation 101.00 101 101 101 101 101 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 -0.02 -0.03 -0.05 -0.07 -0.08 0.13 percent [+]
Money Supply M0 91199.60 91689 92441 93211 93996 107212 JPY Billion [+]
Money Supply M1 659660.80 650653 659062 667557 676141 817697 JPY Billion [+]
Money Supply M2 934765.20 933759 942403 948007 951368 944176 JPY Billion [+]
Money Supply M3 1249322.00 1254713 1264528 1274649 1285099 1504635 JPY Billion [+]
Central Bank Balance Sheet 414416.30 425090 443212 460770 478031 715775 JPY Billion [+]
Foreign Exchange Reserves 1262509.00 1268051 1273179 1277853 1282314 1339731 USD Million [+]
Loans to Private Sector 434693.40 434680 434661 434637 434636 434632 JPY Billion [+]
Deposit Interest Rate 0.42 0.44 0.42 0.39 0.38 0.5 percent [+]
Foreign Stock Investment 40.40 -43.64 -49.99 -50.06 -50.06 -50.06 JPY Billion [+]
Foreign Bond Investment 684.00 239 186 186 186 186 percent [+]
Loan Growth 2.20 2.26 2.26 2.27 2.28 2.3 percent [+]
TRADE Actual Q2/16 Q3/16 Q4/16 Q1/17 2020
Balance of Trade 823.47 413 -283 -585 332 442 JPY Billion [+]
Exports 5889.17 6183 6096 6050 6030 6014 JPY Billion [+]
Imports 5065.69 5199 5127 5108 5104 5103 JPY Billion [+]
Current Account 2980.40 479 344 255 198 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 110.10 111 111 111 111 111 Index Points [+]
Foreign Direct Investment 11804.00 12021 12132 12140 12141 12141 JPY Hundreds Million [+]
Capital Flows 53325.00 22267 25719 25362 25408 25407 JPY HML [+]
Tourism Revenues 154439000.00 185857422 216604289 244773838 270914520 615925253 JPY Thousand [+]
Tourist Arrivals 2081800.00 2049724 2047342 2048199 2048502 2048474 [+]
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 104865.60 105191 105619 106076 106440 112082 JPY Billion [+]
Asylum Applications 773.00 773 773 773 773 773 Persons [+]
Government Spending To Gdp 42.10 42.59 43.12 43.65 43.37 42.88 percent [+]
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 47.60 50.3 50.9 51.1 51.1 50.8 [+]
Services Pmi 49.30 53.2 53 51.7 52 50.8 Index Points [+]
Industrial Production 0.20 0.55 1.8 2.1 2.3 4.39 percent [+]
Industrial Production Mom 3.80 0.34 0.08 0.08 0.5 0.08 percent [+]
Manufacturing Production 0.19 1.98 1.28 1.62 1.62 3 percent [+]
Capacity Utilization 97.50 97.47 97.39 97.38 97.38 97.38 Index Points [+]
New Orders 1154.11 1105 1102 1102 1102 1102 JPY Billion [+]
Machinery Orders 5.50 -0.71 0.47 0.67 0.64 0.63 percent [+]
Changes in Inventories 1566.60 440 -211 -175 -209 -42.37 JPY Billion [+]
Bankruptcies 695.00 679 661 714 783 693 Companies [+]
Corporate Profits 17763.05 18568 14958 16873 16343 16868 JPY Billion [+]
Coincident Index 111.10 111 111 110 110 110 [+]
Economy Watchers Survey 43.50 43.51 44.02 44.16 44.29 44.66 [+]
Car Production 757605.00 688109 672230 679916 685097 683460 Units [+]
Car Registrations 184562.00 265929 265533 210238 260475 225786 Cars [+]
Leading Economic Index 93.30 88.31 87.26 87.38 87.54 87.6 Index Points [+]
Small Business Sentiment -4.00 -6 -7.73 -7.44 -8.39 -6.92 [+]
Steel Production 8498.00 8577 8536 8544 8549 8548 Thousand Tonnes [+]
Mining Production 4.67 1.5 -0.81 -1.19 -1.41 -1.65 percent [+]
Cement Production 4218.00 4898 4623 4668 4706 4699 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 40.80 40.82 40.68 40.65 40.62 40.59 [+]
Retail Sales MoM 1.40 0.8 0.4 0.5 0.7 1.2 percent [+]
Retail Sales YoY -0.80 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 306355.90 305874 306308 306671 307064 313853 JPY Billion [+]
Disposable Personal Income 369.31 634 384 561 399 438 JPY Thousand [+]
Personal Savings 1.10 21.11 9.8 18.62 12.65 14.96 percent [+]
Bank Lending Rate 0.95 0.94 0.94 0.94 0.94 1.2 percent [+]
Consumer Credit 235780.00 241013 242311 243842 244952 255428 JPY Billion [+]
Gasoline Prices 1.10 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 105.19 106 107 106 107 106 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 11 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. 5/30/2016