Japan | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q3/16 Q4/16 Q1/17 Q2/17 2020
GDP Growth Rate 0.20 0.5 0.4 0.3 0.3 0.5 percent [+]
Unemployment Rate 3.00 3.2 3.2 3.1 3 3.8 percent [+]
Inflation Rate -0.40 -0.3 -0.2 -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 -18.71 672 528 497 479 410 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 100.31 101 102 103 104 120 [+]
Stock Market 16516.00 16400 16300 16100 15900 13300 points [+]
Government Bond 10Y -0.06 -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 0.20 0.5 0.4 0.3 0.3 0.5 percent [+]
GDP Annual Growth Rate 0.80 0.4 1.2 1.1 1.2 1.3 percent [+]
GDP Growth Annualized 0.70 1.3 1.8 1.6 1 2.9 percent [+]
GDP 4123.26 4490 4490 4510 4510 4650 USD Billion [+]
GDP Constant Prices 531699.40 527000 527000 526000 526000 527000 JPY Billion [+]
Gross National Product 543605.60 545549 547329 549020 550665 577322 JPY Billion [+]
Gross Fixed Capital Formation 107744.90 106660 106656 106953 106593 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 6302 6274 6248 6223 5773 JPY Billion [+]
GDP From Construction 28205.10 28445 28674 28880 29087 31700 JPY Billion [+]
GDP From Manufacturing 111231.70 110312 110113 110235 110357 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 95077 94549 94639 94730 97135 JPY Billion [+]
GDP From Transport 24319.00 23128 23077 23080 23082 22598 JPY Billion [+]
GDP From Utilities 7612.40 7196 7324 7511 7698 9865 JPY Billion [+]
LABOUR Actual Q3/16 Q4/16 Q1/17 Q2/17 2020
Unemployment Rate 3.00 3.2 3.2 3.1 3 3.8 percent [+]
Employed Persons 64790.00 64793 64993 65165 65312 66797 Thousand [+]
Unemployed Persons 2030.00 2030 2027 2024 2026 2025 Thousand [+]
Part Time Employment 7025.00 7047 7090 7132 7174 7763 Thousand [+]
Full Time Employment 20943.00 20873 20842 20847 20849 20849 Thousand [+]
Employment Rate 58.50 57.81 57.56 57.9 57.86 57.81 percent [+]
Labor Force Participation Rate 60.30 59.91 59.89 59.89 59.89 59.89 percent [+]
Long Term Unemployment Rate 1.30 1.29 1.28 1.29 1.3 1.72 percent [+]
Youth Unemployment Rate 4.80 5.08 5.04 5.05 5.04 5.04 percent [+]
Productivity 97.10 98.98 93.9 98.22 93.89 93.97 Index Points [+]
Job Vacancies 917.39 924 934 941 946 970 Thousand [+]
Job Advertisements 390.96 409 394 399 398 398 Thousand [+]
Wages 427.38 310 663 310 310 701 JPY Thousand/Month [+]
Wages in Manufacturing 596.98 329 801 350 350 809 JPY Thousand/Month [+]
Wage Growth 1.40 0.88 1.15 1.03 1.11 1.4 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 -0.3 -0.2 -0.1 0.1 1.7 percent [+]
Inflation Rate Mom -0.20 -0.1 0.1 0.2 0.2 0.2 percent [+]
Consumer Price Index CPI 99.60 98 97 99 100 113 Index Points [+]
Core Consumer Prices 99.60 98 99 100 100 111 Index Points [+]
Core Inflation Rate -0.50 -0.4 -0.3 -0.2 0.1 2 percent [+]
GDP Deflator 96.30 93.63 96.72 93.93 96.81 97.8 Index Points [+]
Producer Prices 98.90 104 104 103 103 105 Index Points [+]
Export Prices 96.30 95.99 96.69 97.04 96.97 96.94 Index Points [+]
Import Prices 89.10 88.04 87.3 87.4 87.36 87.37 Index Points [+]
Food Inflation 1.10 1.1 1.1 1.2 1.3 1.5 percent [+]
Producer Prices Change -3.60 -3.28 -2.19 -1.13 -0.28 1 percent [+]
Cpi Transportation 98.50 97.77 98.3 98.73 98.67 98.62 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 -0.02 -0.02 -0.04 -0.04 -0.05 0.13 percent [+]
Money Supply M0 91937.60 92236 92944 93671 94416 106182 JPY Billion [+]
Money Supply M1 666254.70 671543 679933 688416 696993 828249 JPY Billion [+]
Money Supply M2 942006.90 945606 953173 958135 962974 957257 JPY Billion [+]
Money Supply M3 1263372.90 1267175 1277548 1288278 1299392 1517486 JPY Billion [+]
Central Bank Balance Sheet 452980.20 458964 480374 500874 521073 787348 JPY Billion [+]
Foreign Exchange Reserves 1256053.00 1258075 1258396 1260648 1263376 1298802 USD Million [+]
Loans to Private Sector 434545.50 434829 434996 434969 434974 434974 JPY Billion [+]
Deposit Interest Rate 0.40 0.36 0.35 0.36 0.36 0.5 percent [+]
Foreign Stock Investment -479.00 -152 -89.89 -89.42 -89.41 -89.41 JPY Billion [+]
Foreign Bond Investment -607.60 60.3 192 193 193 193 percent [+]
Loan Growth 2.00 1.94 1.88 1.84 1.81 1.77 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 -18.71 672 528 497 479 410 JPY Billion [+]
Exports 5316.35 5897 5824 5785 5765 6450 JPY Billion [+]
Imports 5335.06 5224 5296 5288 5286 6040 JPY Billion [+]
Current Account 1938.20 479 344 255 198 1218 JPY Billion [+]
Current Account to GDP 2.90 2.42 2.2 2.3 2.3 2.44 percent [+]
External Debt 364459.00 371106 376080 382515 385517 425474 JPY Billion [+]
Terms of Trade 108.10 109 109 110 110 110 Index Points [+]
Foreign Direct Investment 4972.00 10184 10174 10191 10196 10196 JPY Hundreds Million [+]
Capital Flows 36271.00 27134 26898 26793 26769 26774 JPY HML [+]
Tourism Revenues 15286000.00 19205550 18069967 20076266 20953552 46600201 JPY Thousand [+]
Tourist Arrivals 2049200.00 2048502 2074924 2090791 2099311 2109324 [+]
Gold Reserves 765.20 765 765 765 765 765 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 105138.70 105610 106067 106392 106785 112008 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 50.30 50.3 50.1 50.4 51.2 51 [+]
Services Pmi 49.60 49.8 51 52 52 50.8 Index Points [+]
Industrial Production -4.20 1.8 2.1 2.3 2.3 4.39 percent [+]
Industrial Production Mom -0.40 0.5 0.1 0.1 0.1 0.1 percent [+]
Manufacturing Production -4.18 1.28 1.62 1.62 1.62 3 percent [+]
Capacity Utilization 96.20 96.51 96.46 96.45 96.45 96.45 Index Points [+]
New Orders 973.45 980 978 978 978 978 JPY Billion [+]
Machinery Orders 4.90 0.46 0.14 0.54 0.53 0.52 percent [+]
Changes in Inventories 1363.50 517 419 70.21 -16.69 8.39 JPY Billion [+]
Bankruptcies 726.00 717 755 828 734 739 Companies [+]
Corporate Profits 18263.88 14903 17147 15570 17628 16720 JPY Billion [+]
Coincident Index 112.00 115 115 115 115 115 [+]
Economy Watchers Survey 45.60 45.63 44.92 44.9 44.82 44.63 [+]
Car Production 689450.00 610426 619459 637703 639250 635470 Units [+]
Car Registrations 190749.00 259243 203677 245469 207005 208579 Cars [+]
Leading Economic Index 100.00 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 8917.62 8839 8866 8868 8863 8863 Thousand Tonnes [+]
Mining Production -0.81 -0.01 -0.93 -1.22 -1.4 -1.59 percent [+]
Cement Production 5121.00 4558 4823 4844 4810 4811 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 42.00 42.34 42.39 42.28 42.24 42.25 [+]
Retail Sales MoM 1.38 0.4 0.5 0.7 0.7 1.2 percent [+]
Retail Sales YoY -0.20 1.5 0.8 1 1 0.9 percent [+]
Household Spending -0.50 0.59 -0.82 -0.73 -0.71 2 percent [+]
Consumer Spending 307678.60 307608 307978 308396 308814 315594 JPY Billion [+]
Disposable Personal Income 468.14 422 451 453 451 472 JPY Thousand [+]
Personal Savings 27.40 1.65 24.41 7.39 20.11 14.92 percent [+]
Bank Lending Rate 0.95 0.89 0.96 0.96 0.96 1.2 percent [+]
Consumer Credit 235780.00 242215 243706 244892 246141 256235 JPY Billion [+]
Gasoline Prices 1.18 1.07 1.05 1.05 1.05 0.94 USD/Liter [+]
Households Debt To Gdp 66.10 66.18 66.23 66.3 66.32 66.48 percent of GDP [+]
HOUSING Actual Q3/16 Q4/16 Q1/17 Q2/17 2020
Housing Starts 8.90 3 4 0.7 0.7 1.5 percent [+]
Construction Orders -10.90 0.32 4 2 2 2.2 percent [+]
Housing Index 107.54 108 107 108 107 108 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. 9/26/2016