Markets Actual Q1 Q2 Q3 Q4 2020
Currency 109.75 110 110 111 111 112
Stock Market (points) 20574.63 19699 19386 19080 18780 18190
Government Bond 10Y (%) 0.01 0 0 0 0 0
Overview Actual Q1 Q2 Q3 Q4 2020
GDP Growth Rate (%) -0.60 0.3 0.7 1.2 0.9 0.6
GDP Annual Growth Rate (%) 0.00 0.9 1.4 1.3 1.2 0.9
GDP Growth Annualized (%) -2.50 1.8 1.9 1.28 2.7 2.9
Unemployment Rate (%) 2.50 2.4 2.3 2.4 2.5 2.8
Inflation Rate (%) 0.30 0.9 1.3 1.1 1.4 1.5
Inflation Rate Mom (%) -0.20 0.2 0.3 0.1 0.2 0.3
Interest Rate (%) -0.10 -0.1 -0.1 0 0 0.1
Balance of Trade (JPY Billion) -55.29 -480 -490 -470 400 410
Current Account to GDP (%) 4.02 3 3 3 3 3.12
Government Debt to GDP (%) 253.00 256 256 256 256 258
Government Budget (% of GDP) -4.50 -4.5 -4.5 -4.5 -4.5 -4.4
Business Confidence (Index Points) 19.00 21 20 18.3 10 2
Services Pmi (Index Points) 51.00 52 54.3 51.6 51.4 50.8
Manufacturing PMI 50.00 52 53 51.7 51.4 51
Consumer Confidence (Index Points) 42.70 43.9 43.9 42.91 43.9 43.9
Retail Sales MoM (%) -1.00 0.13 0.08 0.07 0.7 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 Q1 Q2 Q3 Q4 2020
GDP Growth Rate (%) -0.60 0.3 0.7 1.2 0.9 0.6
GDP Annual Growth Rate (%) 0.00 0.9 1.4 1.3 1.2 0.9
GDP Growth Annualized (%) -2.50 1.8 1.9 1.28 2.7 2.9
GDP (USD Billion) 4872.14 5110 5110 5110 5110 5400
GDP Constant Prices (JPY Billion) 532648.20 537188 539789 539573 534246 539589
Gross National Product (JPY Billion) 554498.40 560523 564292 561707 556162 561724
Gross Fixed Capital Formation (JPY Billion) 125711.90 128000 129000 127000 126000 127000
GDP per capita (USD) 48556.93 50100 50100 50100 50100 51000
GDP per capita PPP (USD) 39002.22 41500 41500 41500 41500 43000
GDP From Agriculture (JPY Billion) 4480.70 4521 4512 4539 4494 4539
GDP From Construction (JPY Billion) 29714.00 29981 29922 30100 29803 30101
GDP From Manufacturing (JPY Billion) 109203.90 110187 109968 110624 109532 110627
GDP From Mining (JPY Billion) 231.70 234 233 235 232 235
GDP From Public Administration (JPY Billion) 26247.90 26484 26432 26589 26327 26590
GDP From Services (JPY Billion) 21996.40 22194 22150 22282 22062 22283
GDP From Transport (JPY Billion) 25233.60 25461 25410 25562 25309 25562
GDP From Utilities (JPY Billion) 9567.30 9653 9634 9692 9596 9692
Labour Actual Q1 Q2 Q3 Q4 2020
Unemployment Rate (%) 2.50 2.4 2.3 2.4 2.5 2.8
Employment Rate (%) 60.40 61.2 59.5 61.2 59.6 60.5
Labor Force Participation Rate (%) 61.90 61.5 61.5 62.06 61.3 62.5
Wages (JPY/Month) 321210.00 328000 559000 314000 698000 711000
Wages in Manufacturing (JPY/Month) 366945.00 356000 578000 352000 837000 846000
Minimum Wages (JPY/Hour) 874.00 874 874 874 900 925
Prices Actual Q1 Q2 Q3 Q4 2020
Inflation Rate (%) 0.30 0.9 1.3 1.1 1.4 1.5
Inflation Rate Mom (%) -0.20 0.2 0.3 0.1 0.2 0.3
Consumer Price Index CPI (Index Points) 101.50 102 102 103 103 105
Core Consumer Prices (Index Points) 101.40 102 102 102 103 105
Core Inflation Rate (%) 0.70 1 1.1 1.2 1.2 1.5
Producer Prices (Index Points) 101.50 103 104 105 105 105
Export Prices (Index Points) 96.50 97.4 97.1 97.1 97.5 97.4
Import Prices (Index Points) 100.30 100 100 100 103 103
Food Inflation (%) -1.10 0.4 0.3 1.4 1 1.3
Producer Prices Change (%) 1.50 2.9 2.7 2.5 2.4 1.8
CPI Housing Utilities (Index Points) 99.60 101 101 101 101 103
CPI Transportation (Index Points) 99.10 101 101 101 102 103
Money Actual Q1 Q2 Q3 Q4 2020
Interest Rate (%) -0.10 -0.1 -0.1 0 0 0.1
Interbank Rate (%) -0.08 -0.07 -0.07 -0.07 -0.07 -0.07
Deposit Interest Rate (%) 0.32 0.32 0.32 0.32 0.32 0.32
Loan Growth (%) 2.40 2.4 2.3 2.21 2.5 2.4
Trade Actual Q1 Q2 Q3 Q4 2020
Balance of Trade (JPY Billion) -55.29 -480 -490 -470 400 410
Current Account to GDP (%) 4.02 3 3 3 3 3.12
Imports (JPY Billion) 7079.28 7410 7450 7450 5900 6040
Exports (JPY Billion) 7024.00 6930 6960 6980 6300 6450
Terms of Trade (Index Points) 96.20 97.21 96.71 96.71 94.44 94.36
Capital Flows (JPY HML) 11120.00 42654 12661 18373 12461 12456
Tourist Arrivals 2631800.00 2284000 2378500 2358100 2426600 2451200
Government Actual Q1 Q2 Q3 Q4 2020
Government Debt to GDP (%) 253.00 256 256 256 256 258
Government Budget (% of GDP) -4.50 -4.5 -4.5 -4.5 -4.5 -4.4
Government Budget Value (JPY HND Million ) -60963.00 -54475 -54475 -54475 -54475 -54453
Government Spending (JPY Billion) 107015.20 107559 107566 108406 107336 108410
Government Spending To GDP (%) 39.05 39.05 39.05 39.05 39.05 39.05
Taxes Actual Q1 Q2 Q3 Q4 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 10 10 10 10 10
Social Security Rate (%) 29.20 29.2 29.2 29.2 29.2 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 Q1 Q2 Q3 Q4 2020
Business Confidence (Index Points) 19.00 21 20 18.3 10 2
Services Pmi (Index Points) 51.00 52 54.3 51.6 51.4 50.8
Manufacturing PMI 50.00 52 53 51.7 51.4 51
Industrial Production (%) 1.50 3.83 0.3 0.9 2.2 4
Industrial Production Mom (%) -1.00 0.5 -0.2 0.1 0.4 0.1
Machinery Orders (%) 0.00 1.7 -1.4 0.17 0.3 0.2
Coincident Index 102.90 113 113 113 113 113
Economy Watchers Survey 48.00 49.03 49.09 49.06 49.07 49.07
Car Production (Units) 758010.00 826652 794641 682658 694222 694206
Car Registrations 215152.00 253838 273989 260056 230921 234962
Small Business Sentiment 14.00 15 12 10 5 -4
Non Manufacturing Pmi 24.00 24 26 21 22 21
Consumer Actual Q1 Q2 Q3 Q4 2020
Consumer Confidence (Index Points) 42.70 43.9 43.9 42.91 43.9 43.9
Retail Sales MoM (%) -1.00 0.13 0.08 0.07 0.7 1.2
Retail Sales YoY (%) 1.40 1.7 2.1 1.86 1.2 0.9
Consumer Spending (JPY Billion) 299902.60 301008 302553 303801 300802 303810
Disposable Personal Income (JPY Thousand) 371.28 365 610 427 795 820
Personal Savings (%) 15.50 5 42 10 51 48
Bank Lending Rate (%) 1.00 1 1 1 1 1
Households Debt To GDP (% of GDP) 57.40 58 57.5 57.3 57.6 57.6
Gasoline Prices (USD/Liter) 1.33 1.25 1.22 1.19 1.17 1.17
Housing Actual Q1 Q2 Q3 Q4 2020
Housing Index (Index Points) 110.40 115 114 115 116 118


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.