Japan | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q3/16 Q4/16 Q1/17 Q2/17 2020
GDP Growth Rate 0.00 0.5 0.4 0.3 0.3 0.5 percent [+]
Unemployment Rate 3.10 3.2 3.2 3.2 3.2 3.8 percent [+]
Inflation Rate -0.40 -0.1 0.1 -0.1 0.1 1.7 percent [+]
Interest Rate -0.10 -0.1 -0.1 -0.1 -0.1 0.1 percent [+]
Balance of Trade 513.51 672 628 597 579 410 JPY Billion [+]
Government Debt to GDP 229.20 233 234 234 235 243 percent [+]
MARKETS Actual Q3/16 Q4/16 Q1/17 Q2/17 2020
Currency 100.54 101 102 103 104 120 [+]
Stock Market 16555.00 16400 16300 16100 15900 13300 points [+]
Government Bond 10Y -0.09 -0.06 -0.06 -0.06 -0.06 -0.07 percent [+]
GDP Actual Q3/16 Q4/16 Q1/17 Q2/17 2020
GDP Growth Rate 0.00 0.5 0.4 0.3 0.3 0.5 percent [+]
GDP Annual Growth Rate 0.10 0.4 0.4 0.5 0.6 1.3 percent [+]
GDP Growth Annualized 0.20 2.3 2.5 2.2 2.2 2.9 percent [+]
GDP 4123.26 4490 4490 4510 4510 4650 USD Billion [+]
GDP Constant Prices 530845.00 527000 527000 526000 526000 527000 JPY Billion [+]
Gross National Product 542724.70 544354 545919 547580 549199 575140 JPY Billion [+]
Gross Fixed Capital Formation 107434.50 107313 107763 108441 108429 109000 JPY Billion [+]
GDP per capita 44656.80 44880 44880 45100 45100 46200 USD [+]
GDP per capita PPP 35804.23 35899 35899 36000 36000 37000 USD [+]
GDP From Agriculture 6277.20 6300 6270 6250 6220 5770 JPY Billion [+]
GDP From Construction 28205.10 28400 28700 28900 29100 31700 JPY Billion [+]
GDP From Manufacturing 111231.70 110000 110000 110000 110000 113000 JPY Billion [+]
GDP From Mining 193.80 208 223 219 216 216 JPY Billion [+]
GDP From Public Administration 30779.50 30803 30791 30765 30739 30566 JPY Billion [+]
GDP From Services 95137.40 95100 94500 94600 94700 97100 JPY Billion [+]
GDP From Transport 24319.00 23100 23100 23100 23100 22600 JPY Billion [+]
GDP From Utilities 7612.40 7200 7320 7510 7700 9870 JPY Billion [+]
LABOUR Actual Q3/16 Q4/16 Q1/17 Q2/17 2020
Unemployment Rate 3.10 3.2 3.2 3.2 3.2 3.8 percent [+]
Employed Persons 64970.00 64777 64973 65144 65288 66747 Thousand [+]
Unemployed Persons 2100.00 2094 2104 2098 2103 2101 Thousand [+]
Part Time Employment 7009.00 7044 7087 7129 7170 7756 Thousand [+]
Full Time Employment 20942.00 20856 20830 20836 20838 20837 Thousand [+]
Employment Rate 58.60 57.99 57.57 57.93 57.93 57.86 percent [+]
Labor Force Participation Rate 60.50 60.89 60.89 60.89 60.89 60.89 percent [+]
Long Term Unemployment Rate 1.30 1.29 1.28 1.29 1.3 1.72 percent [+]
Youth Unemployment Rate 5.20 5.22 5.26 5.25 5.25 5.25 percent [+]
Productivity 97.60 97.76 92.91 97.3 92.96 93.03 Index Points [+]
Job Vacancies 905.10 919 926 931 936 954 Thousand [+]
Job Advertisements 384.45 425 424 419 422 421 Thousand [+]
Wages 528.82 310 663 310 310 701 JPY Thousand/Month [+]
Wages in Manufacturing 548.56 329 801 350 350 809 JPY Thousand/Month [+]
Wage Growth 1.30 0.74 0.88 0.85 0.93 1.29 percent [+]
Minimum Wages 780.00 800 800 820 820 860 JPY/Hour [+]
Population 126.82 127 127 127 127 126 Million [+]
Retirement Age Women 61.00 61 61 61 61 61 [+]
Retirement Age Men 61.00 61 61 61 61 61 [+]
PRICES Actual Q3/16 Q4/16 Q1/17 Q2/17 2020
Inflation Rate -0.40 -0.1 0.1 -0.1 0.1 1.7 percent [+]
Inflation Rate Mom -0.20 0.2 0.2 0.4 0.4 0.2 percent [+]
Consumer Price Index CPI 103.30 105 105 106 106 113 Index Points [+]
Core Consumer Prices 103.00 104 105 107 107 111 Index Points [+]
Core Inflation Rate -0.50 -0.2 0.1 0.1 0.1 2 percent [+]
GDP Deflator 96.40 93.72 96.82 94.02 96.99 98.13 Index Points [+]
Producer Prices 99.20 104 104 103 103 105 Index Points [+]
Export Prices 97.70 97.82 98.55 98.65 98.57 98.56 Index Points [+]
Import Prices 91.30 91.45 91.41 91.44 91.42 91.43 Index Points [+]
Food Inflation 1.10 2.45 1.41 1.46 1.45 1.45 percent [+]
Producer Prices Change -3.90 -3.32 -2.25 -1.2 -0.35 1 percent [+]
Cpi Transportation 101.70 102 102 102 102 102 Index Points [+]
MONEY Actual Q3/16 Q4/16 Q1/17 Q2/17 2020
Interest Rate -0.10 -0.1 -0.1 -0.1 -0.1 0.1 percent [+]
Interbank Rate -0.03 -0.02 -0.02 -0.02 -0.03 0.13 percent [+]
Money Supply M0 91776.00 91593 92305 93036 93784 105576 JPY Billion [+]
Money Supply M1 665999.20 671641 680215 688878 697634 831531 JPY Billion [+]
Money Supply M2 941789.40 946734 954267 959626 964842 961176 JPY Billion [+]
Money Supply M3 1260445.20 1267442 1277923 1288773 1300021 1522359 JPY Billion [+]
Central Bank Balance Sheet 443084.80 456449 477030 496920 516536 774403 JPY Billion [+]
Foreign Exchange Reserves 1264750.00 1267406 1271109 1275012 1278881 1326209 USD Million [+]
Loans to Private Sector 434309.20 434144 434274 434271 434275 434273 JPY Billion [+]
Deposit Interest Rate 0.40 0.36 0.35 0.36 0.36 0.5 percent [+]
Foreign Stock Investment -229.60 -87.28 -74.39 -74.31 -74.31 -74.31 JPY Billion [+]
Foreign Bond Investment 433.10 246 199 198 198 198 percent [+]
Loan Growth 2.10 2.15 2.14 2.15 2.15 2.16 percent [+]
Private Debt to GDP 243.08 243 244 245 245 254 percent [+]
TRADE Actual Q3/16 Q4/16 Q1/17 Q2/17 2020
Balance of Trade 513.51 672 628 597 579 410 JPY Billion [+]
Exports 5728.41 5897 5824 5785 5765 6450 JPY Billion [+]
Imports 5214.90 5224 5196 5188 5186 6040 JPY Billion [+]
Current Account 974.40 479 344 255 198 1218 JPY Billion [+]
Current Account to GDP 2.90 2.42 2.2 2.3 2.3 2.44 percent [+]
External Debt 364958.00 377000 383000 390000 396000 463000 JPY Billion [+]
Terms of Trade 107.00 106 106 106 106 106 Index Points [+]
Foreign Direct Investment 3375.00 10654 10706 10718 10717 10717 JPY Hundreds Million [+]
Capital Flows 14391.00 23712 24341 24244 24253 24247 JPY HML [+]
Tourism Revenues 17999000.00 18740680 17005445 19235642 19622714 39388050 JPY Thousand [+]
Tourist Arrivals 2296500.00 2116316 2140893 2155796 2163735 2172682 [+]
Gold Reserves 765.22 765 765 765 765 765 Tonnes [+]
Terrorism Index 0.00 0.89 0.95 1.16 1.37 0.47 [+]
Crude Oil Production 4.00 4.07 4.07 4.07 4.07 4.07 BBL/D/1K [+]
GOVERNMENT Actual Q3/16 Q4/16 Q1/17 Q2/17 2020
Government Debt to GDP 229.20 233 234 234 235 243 percent [+]
Government Budget -6.00 -6.03 -5.73 -5.72 -5.71 -5.66 percent of GDP [+]
Government Budget Value 64165.00 -66794 -63857 35585 -89515 -59246 JPY HND Million [+]
Government Spending 105294.80 105739 106184 106581 106974 112323 JPY Billion [+]
Military Expenditure 46345.80 46349 46449 46548 46649 46423 USD Million [+]
Asylum Applications 769.00 794 794 794 794 794 Persons [+]
Government Spending To Gdp 42.10 42.59 43.12 43.65 43.37 42.88 percent [+]
BUSINESS Actual Q3/16 Q4/16 Q1/17 Q2/17 2020
Business Confidence 6.00 7 6 5 5 2 [+]
Manufacturing PMI 49.60 48 49.1 50.1 50.1 51 [+]
Services Pmi 50.40 49.8 51 52 52 50.8 Index Points [+]
Industrial Production -1.50 1.8 2.1 2.3 2.3 4.39 percent [+]
Industrial Production Mom 2.30 0.5 0.1 0.1 0.1 0.1 percent [+]
Manufacturing Production -1.96 1.28 1.62 1.62 1.62 3 percent [+]
Capacity Utilization 95.60 95.5 95.46 95.46 95.46 95.46 Index Points [+]
New Orders 982.87 988 990 989 989 989 JPY Billion [+]
Machinery Orders 8.30 0.46 0.12 0.23 0.25 0.24 percent [+]
Changes in Inventories 1019.00 99.26 -107 -158 -152 3.06 JPY Billion [+]
Bankruptcies 712.00 689 734 802 708 714 Companies [+]
Corporate Profits 15899.74 15022 17254 15640 17783 16860 JPY Billion [+]
Coincident Index 111.10 111 111 111 112 112 [+]
Economy Watchers Survey 45.10 45.89 45.02 44.94 44.8 44.45 [+]
Car Production 679643.00 607713 609200 624204 626963 623839 Units [+]
Car Registrations 244215.00 242517 179844 226754 193506 194422 Cars [+]
Leading Economic Index 99.20 99.31 99.38 100 100 100 Index Points [+]
Small Business Sentiment -5.00 -7.14 -6.67 -7.56 -6.51 -6.14 [+]
Steel Production 8760.36 8688 8724 8726 8723 8723 Thousand Tonnes [+]
Mining Production 7.31 0.67 -0.46 -1 -1.31 -1.64 percent [+]
Cement Production 4573.00 4519 4600 4617 4612 4610 Thousands of Tonnes [+]
Competitiveness Index 5.47 5.46 5.46 5.46 5.46 5.44 Points [+]
Competitiveness Rank 6.00 7 7 7 9 6 [+]
Ease of Doing Business 34.00 31.19 31.79 31.46 31.13 28.92 [+]
Corruption Index 75.00 75.05 73.73 72.73 71.73 74.96 Points [+]
Corruption Rank 18.00 17.2 17.45 17.64 17.84 19.89 [+]
CONSUMER Actual Q3/16 Q4/16 Q1/17 Q2/17 2020
Consumer Confidence 41.30 41.7 41.56 41.5 41.49 41.48 [+]
Retail Sales MoM 0.20 0.4 0.5 0.7 0.7 1.2 percent [+]
Retail Sales YoY -1.40 1.5 0.8 1 1 0.9 percent [+]
Household Spending -2.20 0.59 -0.8 -0.72 -0.71 2 percent [+]
Consumer Spending 307622.00 307567 307933 308350 308766 315473 JPY Billion [+]
Disposable Personal Income 589.68 408 424 435 431 445 JPY Thousand [+]
Personal Savings 46.10 2.99 21.56 9 18.84 14.77 percent [+]
Bank Lending Rate 0.90 0.89 0.88 0.88 0.88 1.2 percent [+]
Consumer Credit 235780.00 242215 243706 244892 246141 256235 JPY Billion [+]
Gasoline Prices 1.19 1.07 1.05 1.05 1.05 0.94 USD/Liter [+]
Households Debt To Gdp 65.90 65.92 65.95 65.96 65.95 66.01 percent of GDP [+]
HOUSING Actual Q3/16 Q4/16 Q1/17 Q2/17 2020
Housing Starts -2.50 2 0.7 0.7 0.7 1.5 percent [+]
Construction Orders -2.40 2.94 4 2 2 2.2 percent [+]
Housing Index 107.74 109 108 109 108 108 Index Points [+]
Home Ownership Rate 61.90 61.99 62.03 62.06 62.09 62.49 percent [+]
TAXES Actual Q3/16 Q4/16 Q1/17 Q2/17 2020
Corporate Tax Rate 32.26 32.26 32.26 31.12 31.12 29.74 percent [+]
Personal Income Tax Rate 50.84 50.84 50.84 50.84 50.84 50.84 percent [+]
Sales Tax Rate 8.00 8 8 8 8 10 percent [+]
Social Security Rate 29.25 29.25 29.25 29.25 29.25 29.25 percent [+]
Social Security Rate For Companies 15.02 15.02 15.02 15.02 15.02 15.02 percent [+]
Social Security Rate For Employees 14.22 14.22 14.22 14.22 14.22 14.22 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. 8/25/2016