Japan | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q2/16 Q3/16 Q4/16 Q1/17 2020
GDP Growth Rate 0.50 0.5 0.5 0.4 0.3 0.5 percent [+]
Unemployment Rate 3.20 3.2 3.2 3.2 3.2 3.8 percent [+]
Inflation Rate -0.30 0.1 0.1 0.4 0.5 1.8 percent [+]
Interest Rate -0.10 -0.1 -0.1 -0.1 -0.1 0.1 percent [+]
Balance of Trade -40.72 370 -283 -585 332 347 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 101.63 108 109 110 111 128 [+]
Stock Market 15309.00 16500 16300 16100 16000 13300 points [+]
Government Bond 10Y -0.19 -0.1 -0.1 -0.1 -0.1 -0.12 percent [+]
GDP Actual Q2/16 Q3/16 Q4/16 Q1/17 2020
GDP Growth Rate 0.50 0.5 0.5 0.4 0.3 0.5 percent [+]
GDP Annual Growth Rate 0.10 1.1 1.6 1.2 1 1.3 percent [+]
GDP Growth Annualized 1.90 2 2.3 2.5 2.2 2.9 percent [+]
GDP 4601.46 4787 4787 4787 4810 4941 USD Billion [+]
GDP Constant Prices 530235.00 526881 526800 526489 526261 527330 JPY Billion [+]
Gross National Product 540180.10 541231 542524 543993 545833 572977 JPY Billion [+]
Gross Fixed Capital Formation 106198.90 108901 109743 110272 110706 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 3.2 3.2 3.2 3.2 3.8 percent [+]
Employed Persons 63960.00 63973 64042 64055 64091 64454 Thousand [+]
Unemployed Persons 2240.00 2232 2228 2236 2231 2233 Thousand [+]
Part Time Employment 6883.00 6885 6885 6885 6885 6885 Thousand [+]
Full Time Employment 20954.00 20897 20821 20804 20810 20811 Thousand [+]
Employment Rate 57.80 58.28 57.68 57.59 57.81 57.74 percent [+]
Labor Force Participation Rate 59.80 59.73 59.66 59.62 59.6 59.56 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 898.75 885 892 894 894 897 Thousand [+]
Job Advertisements 387.61 414 428 433 427 430 Thousand [+]
Wages 307.44 531 310 663 310 701 JPY Thousand/Month [+]
Wages in Manufacturing 332.56 550 329 801 350 809 JPY Thousand/Month [+]
Wage Growth 0.30 0.42 0.62 0.73 0.76 1.22 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 0.1 0.1 0.4 0.5 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 96.37 93.7 96.8 94 98.06 Index Points [+]
Producer Prices 99.40 100 104 104 103 105 Index Points [+]
Export Prices 100.80 101 102 102 102 102 Index Points [+]
Import Prices 91.70 91.32 91.35 91.3 91.33 91.32 Index Points [+]
Food Inflation 1.30 2.38 2.45 1.68 1.72 1.71 percent [+]
Producer Prices Change -4.20 -4.18 -3.65 -2.7 -1.65 1 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 -0.03 -0.03 -0.05 -0.07 -0.08 0.13 percent [+]
Money Supply M0 91167.20 91660 92369 93097 93844 106555 JPY Billion [+]
Money Supply M1 662507.90 665381 674029 682761 691583 836861 JPY Billion [+]
Money Supply M2 937894.50 936286 944965 951203 955536 953527 JPY Billion [+]
Money Supply M3 1254685.90 1256044 1266421 1277175 1288336 1534982 JPY Billion [+]
Central Bank Balance Sheet 425669.70 429612 449226 467888 486213 740657 JPY Billion [+]
Foreign Exchange Reserves 1253967.00 1255308 1255768 1258125 1260960 1299969 USD Million [+]
Loans to Private Sector 432412.60 432401 432254 432312 432307 432296 JPY Billion [+]
Deposit Interest Rate 0.42 0.44 0.42 0.39 0.38 0.5 percent [+]
Foreign Stock Investment -231.10 -107 -61.7 -61.36 -61.35 -61.35 JPY Billion [+]
Foreign Bond Investment -457.70 96.61 187 187 187 187 percent [+]
Loan Growth 2.20 2.16 2.13 2.12 2.12 2.11 percent [+]
TRADE Actual Q2/16 Q3/16 Q4/16 Q1/17 2020
Balance of Trade -40.72 370 -283 -585 332 347 JPY Billion [+]
Exports 5090.95 5758 5722 5672 5646 5619 JPY Billion [+]
Imports 5131.67 5157 5069 5046 5042 5040 JPY Billion [+]
Current Account 1878.50 479 344 255 198 1218 JPY Billion [+]
Current Account to GDP 2.90 2.5 2.42 2.2 2.3 3.37 percent [+]
External Debt 364958.00 369555 376866 383088 390113 463336 JPY Billion [+]
Terms of Trade 109.90 110 110 110 110 110 Index Points [+]
Foreign Direct Investment 10348.00 11929 11975 11989 11992 11992 JPY Hundreds Million [+]
Capital Flows 14997.00 20084 23402 23104 23177 23168 JPY HML [+]
Tourism Revenues 170916000.00 202349463 234643681 264548737 292608387 691691545 JPY Thousand [+]
Tourist Arrivals 1893600.00 1938205 1941520 1944285 1944697 1944331 [+]
Gold Reserves 765.22 765 765 765 765 765 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 64165.00 -97759 -66794 -63857 35585 -59246 JPY HND Million [+]
Government Spending 104816.40 105141 105584 106019 106381 111989 JPY Billion [+]
Military Expenditure 46345.80 46349 46449 46548 46649 46423 USD Million [+]
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 7 6 5 2 [+]
Manufacturing PMI 47.80 47.8 50.9 51.1 51.1 50.8 [+]
Services Pmi 50.40 53.2 53 51.7 52 50.8 Index Points [+]
Industrial Production -3.30 0.55 1.8 2.1 2.3 4.39 percent [+]
Industrial Production Mom 0.50 0.4 0.5 0.1 0.1 0.1 percent [+]
Manufacturing Production -3.20 1.98 1.28 1.62 1.62 3 percent [+]
Capacity Utilization 96.50 96.74 96.67 96.66 96.66 96.66 Index Points [+]
New Orders 948.97 1072 1053 1054 1054 1054 JPY Billion [+]
Machinery Orders -11.00 5.16 -0.41 0.1 0.19 0.2 percent [+]
Changes in Inventories 1019.00 382 99.26 -107 -158 3.06 JPY Billion [+]
Bankruptcies 671.00 649 638 686 755 665 Companies [+]
Corporate Profits 15899.74 18400 15022 17254 15640 16860 JPY Billion [+]
Coincident Index 112.00 112 113 114 114 114 [+]
Economy Watchers Survey 43.00 43.04 43.71 43.89 44.06 44.54 [+]
Car Production 546397.00 676302 631073 626462 636272 637048 Units [+]
Car Registrations 193891.00 249514 242336 191963 247527 212052 Cars [+]
Leading Economic Index 100.00 100 101 101 101 101 Index Points [+]
Small Business Sentiment -4.00 -6 -7.73 -7.44 -8.39 -6.92 [+]
Steel Production 8841.00 8729 8671 8707 8709 8706 Thousand Tonnes [+]
Mining Production -12.25 1.5 -3.16 -2.37 -2 -1.61 percent [+]
Cement Production 4710.00 4949 4684 4717 4756 4750 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 40.90 41.76 41.88 41.79 41.72 41.7 [+]
Retail Sales MoM 0.00 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 -0.40 -2.31 0.59 -0.83 -0.74 -0.72 percent [+]
Consumer Spending 306947.40 306443 306882 307250 307647 314529 JPY Billion [+]
Disposable Personal Income 388.14 396 417 413 419 437 JPY Thousand [+]
Personal Savings 6.90 21.68 8.57 19.3 12.11 14.9 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 1.08 1 1 1 1 1.27 USD/Liter [+]
Households Debt To Gdp 65.90 65.87 65.92 65.95 65.96 66.01 percent of GDP [+]
HOUSING Actual Q2/16 Q3/16 Q4/16 Q1/17 2020
Housing Starts 9.00 0.5 2 0.7 0.7 1.5 percent [+]
Construction Orders -16.90 2.14 -2.31 4 2 2.2 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 32.26 32.26 32.26 32.26 31.12 29.74 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 10 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. 6/27/2016