Japan | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q1/16 Q2/16 Q3/16 Q4/16 2020
GDP Growth Rate 0.30 0.4 0.5 0.5 0.4 0.5 percent [+]
Unemployment Rate 3.30 3.2 3.1 3.19 3.17 3.8 percent [+]
Inflation Rate 0.20 0.3 0.5 0.72 0.96 2.1 percent [+]
Interest Rate -0.10 -0.1 -0.1 -0.1 -0.1 -0.24 percent [+]
Balance of Trade 140.20 -21.05 -72.15 -283 -585 -96.23 JPY Billion [+]
Government Debt to GDP 230.00 231 233 235 237 258 percent [+]
Markets Actual Q1/16 Q2/16 Q3/16 Q4/16 2020
Currency 116.73 120 122 123 125 94.9 [+]
Stock Market 16819.59 16800 16300 15800 15400 21500 points [+]
Government Bond 10Y 0.03 0.36 0.46 0.48 0.49 1.48 percent [+]
GDP Actual Q1/16 Q2/16 Q3/16 Q4/16 2020
GDP Growth Rate 0.30 0.4 0.5 0.5 0.4 0.5 percent [+]
GDP Annual Growth Rate 1.60 0.9 1.1 1.6 1 1.9 percent [+]
GDP Growth Annualized 1.00 2.2 2.7 2.3 2.5 2.9 percent [+]
GDP 4601.46 4787 4787 4787 4711 4741 USD Billion [+]
GDP Constant Prices 529673.70 534896 535336 536999 539025 563438 JPY Billion [+]
Gross National Product 536968.30 544513 546232 548357 550477 582452 JPY Billion [+]
Gross Fixed Capital Formation 107017.70 106604 105992 106056 105939 105783 JPY Billion [+]
GDP per capita 37595.18 37750 37795 37840 37884 39194 USD [+]
GDP per capita PPP 35634.97 35625 35696 35766 35836 37020 USD [+]
GDP From Agriculture 6277.20 6390 6360 6330 6299 6309 JPY Billion [+]
GDP From Construction 28205.10 27988 28217 28445 28674 31700 JPY Billion [+]
GDP From Manufacturing 111231.70 110709 110510 110312 110113 110599 JPY Billion [+]
GDP From Mining 193.80 178 193 208 223 216 JPY Billion [+]
GDP From Public Administration 30779.50 30827 30815 30803 30791 30566 JPY Billion [+]
GDP From Services 95137.40 96133 95605 95077 94549 97135 JPY Billion [+]
GDP From Transport 24319.00 24095 24039 23984 23928 24167 JPY Billion [+]
GDP From Utilities 7612.40 6939 7067 7196 7324 9865 JPY Billion [+]
Labour Actual Q1/16 Q2/16 Q3/16 Q4/16 2020
Unemployment Rate 3.30 3.2 3.1 3.19 3.17 3.8 percent [+]
Employed Persons 64030.00 64078 64041 64069 64048 64057 Thousand [+]
Unemployed Persons 2220.00 2174 2190 2175 2185 2181 Thousand [+]
Part Time Employment 7067.00 7114 7158 7201 7244 7937 Thousand [+]
Full Time Employment 20622.00 20624 20628 20628 20628 20628 Thousand [+]
Employment Rate 57.60 57.61 57.6 57.61 57.61 57.61 percent [+]
Labor Force Participation Rate 59.50 59.71 59.71 59.71 59.71 59.71 percent [+]
Long Term Unemployment Rate 1.30 1.31 1.3 1.29 1.28 1.72 percent [+]
Youth Unemployment Rate 5.20 5.35 5.36 5.36 5.36 5.36 percent [+]
Productivity 95.40 102 96.44 100 95.95 95.93 Index Points [+]
Job Vacancies 919.23 919 919 919 919 919 Thousand [+]
Job Advertisements 273.44 406 366 375 376 375 Thousand [+]
Wages 308.67 321 531 324 375 356 JPY Thousand/Month [+]
Wages in Manufacturing 346.67 349 377 366 371 371 JPY Thousand/Month [+]
Wage Growth 0.00 0.23 0.8 0.5 0.55 1.12 percent [+]
Minimum Wages 780.00 800 800 800 800 860 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 Q1/16 Q2/16 Q3/16 Q4/16 2020
Inflation Rate 0.20 0.3 0.5 0.72 0.96 2.1 percent [+]
Inflation Rate Mom -0.10 0.07 0.04 0.04 0.05 0.04 percent [+]
Consumer Price Index CPI 103.50 104 104 104 105 113 Index Points [+]
Core Consumer Prices 103.30 103 104 104 104 111 Index Points [+]
Core Inflation Rate 0.10 0.5 0.6 0.8 1 2 percent [+]
GDP Deflator 93.10 94.03 96.99 94.38 97.51 99.9 Index Points [+]
Producer Prices 101.10 105 105 101 101 101 Index Points [+]
Export Prices 108.40 109 109 109 109 109 Index Points [+]
Import Prices 105.50 103 103 103 103 103 Index Points [+]
Food Inflation 2.40 2.35 2.38 2.45 2.52 2.51 percent [+]
Money Actual Q1/16 Q2/16 Q3/16 Q4/16 2020
Interest Rate -0.10 -0.1 -0.1 -0.1 -0.1 -0.24 percent [+]
Interbank Rate 0.04 0.02 0 0 -0.01 -0.04 percent [+]
Money Supply M0 90830.70 89538 90352 91180 92021 106975 JPY Billion [+]
Money Supply M1 630819.50 631624 638638 645733 652910 779467 JPY Billion [+]
Money Supply M2 921095.40 923658 926747 930999 932285 901850 JPY Billion [+]
Money Supply M3 1234977.40 1246057 1255047 1264264 1273725 1480248 JPY Billion [+]
Central Bank Balance Sheet 383107.60 389982 392649 393683 394084 394337 JPY Billion [+]
Foreign Exchange Reserves 1248107.00 1249784 1256674 1261190 1265060 1315163 USD Million [+]
Loans to Private Sector 431959.20 433049 432704 432627 432613 432604 JPY Billion [+]
Deposit Interest Rate 0.42 0.38 0.37 0.36 0.36 0.4 percent [+]
Foreign Stock Investment -364.10 -47.47 -24.87 -24.41 -24.41 -24.41 JPY Billion [+]
Foreign Bond Investment -85.40 162 169 169 169 169 percent [+]
Loan Growth 2.20 2.08 1.98 1.92 1.88 1.83 percent [+]
Trade Actual Q1/16 Q2/16 Q3/16 Q4/16 2020
Balance of Trade 140.20 -21.05 -72.15 -283 -585 -96.23 JPY Billion [+]
Exports 6337.56 6320 6302 6291 6285 6277 JPY Billion [+]
Imports 6197.34 6203 6206 6209 6209 6209 JPY Billion [+]
Current Account 1143.50 1473 1354 1347 1301 1122 JPY Billion [+]
Current Account to GDP 0.50 0.7 0.5 0.42 0.88 0.92 percent [+]
External Debt 349203.00 363611 367091 373547 378609 441342 JPY Billion [+]
Terms of Trade 102.70 105 105 105 106 106 Index Points [+]
Foreign Direct Investment 12159.00 11805 11814 11810 11810 11810 JPY Hundreds Million [+]
Capital Flows 27380.00 17268 17606 17569 17570 17570 JPY HML [+]
Tourism Revenues 160415000.00 228183107 247009695 263488870 278177323 454649939 JPY Thousand [+]
Tourist Arrivals 1773100.00 189968 1799092 1800660 1800682 1798625 [+]
Gold Reserves 765.20 765 765 765 765 765 Tonnes [+]
Terrorism Index 0.00 0.77 0.94 1.11 1.11 0.93 [+]
Crude Oil Production 4.00 4.18 4.18 4.19 4.19 4.19 BBL/D/1K [+]
Government Actual Q1/16 Q2/16 Q3/16 Q4/16 2020
Government Debt to GDP 230.00 231 233 235 237 258 percent [+]
Government Budget -7.70 -8.2 -7.98 -7.76 -7.54 -7.51 percent of GDP [+]
Government Budget Value -96309.00 -16218 -116455 -83131 -84848 -85560 JPY HND Million [+]
Government Spending 103417.20 104086 104408 104737 105070 110315 JPY Billion [+]
Credit Rating 77.11 [+]
Asylum Applications 773.00 773 773 773 773 773 Persons [+]
Business Actual Q1/16 Q2/16 Q3/16 Q4/16 2020
Business Confidence 12.00 11.53 11.79 11.67 11.86 11.84 [+]
Services Pmi 52.40 52.1 53.2 53 51.7 50.8 Index Points [+]
Manufacturing PMI 52.30 52 51.2 50.9 50.7 51.1 [+]
Industrial Production -1.60 1.5 2.55 3.82 3.1 4.39 percent [+]
Industrial Production Mom -1.40 0.01 0.09 0.09 0.09 0.09 percent [+]
Manufacturing Production 1.56 4.7 1.98 1.28 1.62 3 percent [+]
Capacity Utilization 98.60 98.67 98.66 98.66 98.66 98.66 Index Points [+]
New Orders 896.39 983 982 982 982 982 JPY Billion [+]
Machinery Orders -14.40 -0.96 0.13 0.17 0.15 0.15 percent [+]
Changes in Inventories 1481.10 618 274 -38.1 -170 -61.88 JPY Billion [+]
Bankruptcies 699.00 764 673 648 680 679 Companies [+]
Corporate Profits 15217.20 16724 19104 15724 17432 17381 JPY Billion [+]
Coincident Index 111.20 110 110 109 109 109 [+]
Economy Watchers Survey 48.70 47.91 47.01 46.42 45.97 44.66 [+]
Car Production 641058.00 662614 670744 669016 666850 667217 Units [+]
Car Registrations 204327.00 226927 186922 238151 199271 196638 Cars [+]
Leading Economic Index 102.00 101 101 101 101 101 Index Points [+]
Small Business Sentiment 0.00 -4 -6 -1.42 -0.59 -0.49 [+]
Mining Production 2.42 1.42 1.5 -1.48 -1.57 -1.67 percent [+]
Cement Production 5246.00 5208 5161 5161 5165 5165 Thousands of Tonnes [+]
Competitiveness Index 5.47 5.46 5.46 5.46 5.46 5.44 Points [+]
Competitiveness Rank 6.00 6 6 6 6 1.83 [+]
Ease of Doing Business 34.00 29.99 30.59 31.19 31.79 28.92 [+]
Corruption Index 75.00 77.7 76.38 75.05 73.73 74.96 Points [+]
Corruption Rank 18.00 16.37 16.59 16.82 17.05 19.67 [+]
Consumer Actual Q1/16 Q2/16 Q3/16 Q4/16 2020
Consumer Confidence 42.50 42.48 42.26 42.24 42.26 42.27 [+]
Retail Sales MoM -0.20 1.2 0.8 0.4 0.5 1.2 percent [+]
Retail Sales YoY -1.10 4.5 2.97 1.5 0.8 0.9 percent [+]
Household Spending -4.40 -2.19 -1.18 0.59 -0.73 -0.68 percent [+]
Consumer Spending 307682.30 308138 308493 308878 309273 317119 JPY Billion [+]
Disposable Personal Income 751.54 428 431 430 430 431 JPY Thousand [+]
Personal Savings 49.70 2.79 20.68 9.89 18.13 14.82 percent [+]
Bank Lending Rate 1.15 1.15 1.15 1.15 1.15 1.15 percent [+]
Consumer Credit 235780.00 239085 240863 242215 243706 256235 JPY Billion [+]
Gasoline Prices 0.95 1.01 1 1 1 1.27 USD/Liter [+]
Households Debt To Gdp 65.60 65.57 65.49 65.47 65.46 65.37 percent of GDP [+]
Housing Actual Q1/16 Q2/16 Q3/16 Q4/16 2020
Housing Starts -1.30 -1.5 0.5 2 0.7 1.5 percent [+]
Construction Orders 14.80 2.04 2.06 2.06 2.06 2.06 percent [+]
Housing Index 103.85 105 104 105 104 104 Index Points [+]
Home Ownership Rate 61.90 61.9 61.9 61.9 61.9 61.9 percent [+]
Taxes Actual Q1/16 Q2/16 Q3/16 Q4/16 2020
Corporate Tax Rate 33.06 33.06 30.06 30.06 33.06 33.06 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 8 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. 2/6/2016