Markets Actual Q2 Q3 Q4 Q1 2020
Currency 109.30 112 112 113 113 114
Stock Market (points) 21092.01 21932 21609 21290 20979 20366
Government Bond 10Y (%) -0.06 0 0.01 0.01 0.02 0.02
Overview Actual Q2 Q3 Q4 Q1 2020
GDP Growth Rate (%) 0.50 0.7 0.6 0.9 0.4 0.6
GDP Annual Growth Rate (%) 0.80 1.4 1.3 1.2 0.8 0.9
GDP Growth Annualized (%) 2.10 0.9 1.2 1.5 1.4 1.9
Unemployment Rate (%) 2.50 2.3 2.4 2.5 2.6 2.8
Inflation Rate (%) 0.90 0.7 1.1 1.4 1.2 1.5
Inflation Rate Mom (%) 0.10 0.3 0.1 0.2 0.5 0.3
Interest Rate (%) -0.10 -0.1 -0.1 -0.1 -0.1 0
Balance of Trade (JPY Billion) 60.40 510 30 -100 700 910
Current Account (JPY Billion) 2847.87 1170 1750 380 3080 510
Current Account to GDP (%) 3.50 3 3 3 3.12 3.12
Government Debt to GDP (%) 253.00 256 256 256 258 258
Government Budget (% of GDP) -3.80 -4.5 -4.5 -4.5 -4.4 -4.4
Business Confidence (Index Points) 12.00 8 11 10 12 5
Services Pmi (Index Points) 51.80 52.3 53 53.4 54 54
Manufacturing PMI 49.60 50 51.7 51.4 50 51
Consumer Confidence (Index Points) 40.40 41.8 42 40.9 45 43.9
Retail Sales MoM (%) 0.20 0.1 0.1 0.7 -0.3 1.2
Corporate Tax Rate (%) 30.86 30.86 30.86 30.86 30.86 30.86
Personal Income Tax Rate (%) 55.95 55.95 55.95 55.95 55.95 55.95
GDP Actual Q2 Q3 Q4 Q1 2020
GDP Growth Rate (%) 0.50 0.7 0.6 0.9 0.4 0.6
GDP Annual Growth Rate (%) 0.80 1.4 1.3 1.2 0.8 0.9
GDP Growth Annualized (%) 2.10 0.9 1.2 1.5 1.4 1.9
GDP (USD Billion) 4872.14 5110 5110 5110 5400 5400
GDP Constant Prices (JPY Billion) 537613.00 543663 539687 541256 541914 546127
Gross National Product (JPY Billion) 560558.10 567595 561629 563536 561308 568608
Gross Fixed Capital Formation (JPY Billion) 127979.30 130000 127000 129000 129000 130000
GDP per capita (USD) 48556.93 50100 50100 50100 51000 51000
GDP per capita PPP (USD) 39002.22 41500 41500 41500 43000 43000
GDP From Agriculture (JPY Billion) 4480.70 4543 4539 4534 4517 4575
GDP From Construction (JPY Billion) 29714.00 30130 30100 30071 29952 30341
GDP From Manufacturing (JPY Billion) 109203.90 110733 110624 110514 110078 111509
GDP From Mining (JPY Billion) 231.70 235 235 234 234 237
GDP From Public Administration (JPY Billion) 26259.80 26627 26601 26575 26470 26814
GDP From Services (JPY Billion) 21996.40 22304 22282 22260 22172 22461
GDP From Transport (JPY Billion) 25233.60 25587 25562 25536 25435 25766
GDP From Utilities (JPY Billion) 9567.30 9701 9692 9682 9644 9769
Labour Actual Q2 Q3 Q4 Q1 2020
Unemployment Rate (%) 2.50 2.3 2.4 2.5 2.6 2.8
Employment Rate (%) 60.30 59.5 61.2 59.6 59.6 60.5
Labor Force Participation Rate (%) 61.90 61.5 62.06 61.3 61.3 62.5
Productivity (Index Points) 98.10 99.11 104 99.18 99.18 99.17
Wages (JPY/Month) 316506.00 554198 307284 702410 321570 715054
Wages in Manufacturing (JPY/Month) 355502.00 584452 344035 851869 361190 867203
Minimum Wages (JPY/Hour) 874.00 874 874 900 900 925
Prices Actual Q2 Q3 Q4 Q1 2020
Inflation Rate (%) 0.90 0.7 1.1 1.4 1.2 1.5
Inflation Rate Mom (%) 0.10 0.3 0.1 0.2 0.5 0.3
Consumer Price Index CPI (Index Points) 101.80 102 103 103 103 104
Core Consumer Prices (Index Points) 101.60 102 103 103 103 104
Core Inflation Rate (%) 0.90 1.1 1.2 1.2 1.3 1.5
Producer Prices (Index Points) 101.80 102 103 103 103 104
Food Inflation (%) 0.70 0.3 1.4 1 1.2 1.3
Producer Prices Change (%) 1.20 1.1 0.7 1.3 1.9 1.5
CPI Housing Utilities (Index Points) 99.70 100 101 101 101 103
CPI Transportation (Index Points) 99.10 100 101 100 99.99 102
Money Actual Q2 Q3 Q4 Q1 2020
Interest Rate (%) -0.10 -0.1 -0.1 -0.1 -0.1 0
Interbank Rate (%) -0.08 -0.06 -0.06 -0.06 -0.06 -0.06
Deposit Interest Rate (%) -0.21 -0.2 -0.2 -0.2 -0.2 -0.2
Loan Growth (%) 2.40 2.3 2.2 2.5 2.5 2.4
Trade Actual Q2 Q3 Q4 Q1 2020
Balance of Trade (JPY Billion) 60.40 510 30 -100 700 910
Current Account (JPY Billion) 2847.87 1170 1750 380 3080 510
Current Account to GDP (%) 3.50 3 3 3 3.12 3.12
Imports (JPY Billion) 6598.35 6450 6550 6900 6300 6040
Exports (JPY Billion) 6658.75 6960 6580 6800 7000 6950
Tourist Arrivals 2926700.00 2378500 2358100 2426600 2426600 2451200
Government Actual Q2 Q3 Q4 Q1 2020
Government Debt to GDP (%) 253.00 256 256 256 258 258
Government Budget (% of GDP) -3.80 -4.5 -4.5 -4.5 -4.4 -4.4
Government Spending (JPY Billion) 107612.10 108346 108481 109083 108473 110065
Government Spending To GDP (%) 38.90 39.3 39.3 39.3 39.6 39.6
Taxes Actual Q2 Q3 Q4 Q1 2020
Corporate Tax Rate (%) 30.86 30.86 30.86 30.86 30.86 30.86
Personal Income Tax Rate (%) 55.95 55.95 55.95 55.95 55.95 55.95
Sales Tax Rate (%) 8.00 8 8 10 10 10
Social Security Rate (%) 29.20 29.2 29.2 29.2 29.3 29.3
Social Security Rate For Companies (%) 14.75 14.75 14.75 14.75 14.75 14.75
Social Security Rate For Employees (%) 14.45 14.45 14.45 14.45 14.45 14.45
Business Actual Q2 Q3 Q4 Q1 2020
Business Confidence (Index Points) 12.00 8 11 10 12 5
Services Pmi (Index Points) 51.80 52.3 53 53.4 54 54
Manufacturing PMI 49.60 50 51.7 51.4 50 51
Industrial Production (%) -4.30 0.3 0.9 1.2 2.1 2
Industrial Production Mom (%) -0.60 -0.2 0.1 0.4 -0.3 0.1
Machinery Orders (%) 3.80 -1.4 0.17 0.3 0.3 0.2
Coincident Index 99.60 113 113 113 113 113
Economy Watchers Survey 45.30 44.9 47.9 48 48.5 51
Car Production (Units) 745407.00 734641 682657 674222 800000 694206
Car Registrations 199587.00 243989 260056 208000 345000 234962
Small Business Sentiment 6.00 12 10 5 6 -4
Non Manufacturing Pmi 21.00 18 16 19 21 16
Consumer Actual Q2 Q3 Q4 Q1 2020
Consumer Confidence (Index Points) 40.40 41.8 42 40.9 45 43.9
Retail Sales MoM (%) 0.20 0.1 0.1 0.7 -0.3 1.2
Retail Sales YoY (%) 1.00 2.1 1.86 1.2 1 0.9
Consumer Spending (JPY Billion) 300044.50 304634 303664 304602 303398 307343
Disposable Personal Income (JPY Thousand) 392.51 664 370 860 439 868
Personal Savings (%) 15.50 42 10 51 51 48
Bank Lending Rate (%) 1.00 1 1 1 1 1
Households Debt To GDP (% of GDP) 57.70 57.5 57.3 57.6 57.6 57.6
Gasoline Prices (USD/Liter) 1.31 1.22 1.19 1.16 1.13 1.13
Housing Actual Q2 Q3 Q4 Q1 2020
Housing Index (Index Points) 117.24 114 115 116 118 118


This page has 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.