Markets Actual Q3 Q4 Q1 Q2 2020
Currency 107.89 109 109 110 110 111
Stock Market (points) 21416.79 20999 20727 20457 20191 19670
Government Bond 10Y (%) -0.14 0.02 0.03 0.05 0.07 0.09
Overview Actual Q3 Q4 Q1 Q2 2020
GDP Growth Rate (%) 0.60 0.6 0.9 0.4 0.7 0.6
GDP Annual Growth Rate (%) 0.90 1.3 1.2 0.8 0.7 0.9
GDP Growth Annualized (%) 2.20 1.2 1.5 1.4 1.7 1.9
Unemployment Rate (%) 2.40 2.4 2.5 2.6 2.6 2.8
Inflation Rate (%) 0.70 1.1 1.4 1.2 1.3 1.5
Inflation Rate Mom (%) 0.00 0.3 0.2 0.5 0.4 0.3
Interest Rate (%) -0.10 -0.1 -0.1 -0.1 -0.1 0
Balance of Trade (JPY Billion) 589.46 510 -100 700 700 910
Current Account (JPY Billion) 1594.84 1750 380 3080 1250 510
Current Account to GDP (%) 3.50 3 3 3.12 3.12 3.12
Government Debt to GDP (%) 253.00 256 256 258 258 258
Government Budget (% of GDP) -3.80 -4.5 -4.5 -4.4 -4.4 -4.4
Business Confidence (Index Points) 7.00 7 9 12 9 5
Services Pmi (Index Points) 51.90 53 53.4 54 54.5 54
Manufacturing PMI 49.30 50.7 50.4 50 50.9 51
Consumer Confidence (Index Points) 38.70 42 40.9 43 42 43.9
Retail Sales MoM (%) 0.30 0.1 0.7 -0.3 0.5 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 Q3 Q4 Q1 Q2 2020
GDP Growth Rate (%) 0.60 0.6 0.9 0.4 0.7 0.6
GDP Annual Growth Rate (%) 0.90 1.3 1.2 0.8 0.7 0.9
GDP Growth Annualized (%) 2.20 1.2 1.5 1.4 1.7 1.9
GDP (USD Billion) 4970.92 5110 5110 5400 5400 5400
GDP Constant Prices (JPY Billion) 538161.60 539714 541636 542467 541929 546511
Gross National Product (JPY Billion) 560558.10 561629 563536 565043 564482 568608
Gross Fixed Capital Formation (JPY Billion) 128483.40 127000 129000 130000 129000 130000
GDP per capita (USD) 48919.60 49500 49500 50200 50200 50200
GDP per capita PPP (USD) 39293.50 41500 41500 43000 43000 43000
GDP From Agriculture (JPY Billion) 4480.70 4539 4534 4517 4512 4575
GDP From Construction (JPY Billion) 29714.00 30100 30071 29952 29922 30341
GDP From Manufacturing (JPY Billion) 109203.90 110624 110514 110078 109968 111509
GDP From Mining (JPY Billion) 231.70 235 234 234 233 237
GDP From Public Administration (JPY Billion) 26259.80 26601 26575 26470 26444 26814
GDP From Services (JPY Billion) 21996.40 22282 22260 22172 22150 22461
GDP From Transport (JPY Billion) 25233.60 25562 25536 25435 25410 25766
GDP From Utilities (JPY Billion) 9567.30 9692 9682 9644 9634 9769
Labour Actual Q3 Q4 Q1 Q2 2020
Unemployment Rate (%) 2.40 2.4 2.5 2.6 2.6 2.8
Employment Rate (%) 60.70 61.2 59.6 59.6 59.6 60.5
Labor Force Participation Rate (%) 62.20 61.5 61.3 61.3 61.3 62.5
Productivity (Index Points) 95.50 99.11 104 99.18 99.18 99.17
Wages (JPY/Month) 313061.00 307946 700690 323592 318383 713302
Wages in Manufacturing (JPY/Month) 349097.00 342293 849547 359917 355032 864839
Minimum Wages (JPY/Hour) 874.00 874 900 900 900 925
Prices Actual Q3 Q4 Q1 Q2 2020
Inflation Rate (%) 0.70 1.1 1.4 1.2 1.3 1.5
Inflation Rate Mom (%) 0.00 0.3 0.2 0.5 0.4 0.3
Consumer Price Index CPI (Index Points) 101.60 103 103 103 103 104
Core Consumer Prices (Index Points) 101.60 103 103 103 103 104
Core Inflation Rate (%) 0.60 1.2 1.2 1.3 1.3 1.5
Producer Prices (Index Points) 101.20 103 103 103 103 104
Food Inflation (%) 1.40 1.4 1 1.2 0.8 1.3
Producer Prices Change (%) -0.10 0.7 1.3 1.9 1.5 1.5
CPI Housing Utilities (Index Points) 99.70 101 101 101 101 103
CPI Transportation (Index Points) 98.30 101 100 100 100 102
Money Actual Q3 Q4 Q1 Q2 2020
Interest Rate (%) -0.10 -0.1 -0.1 -0.1 -0.1 0
Interbank Rate (%) -0.08 -0.06 -0.06 -0.06 -0.07 -0.06
Deposit Interest Rate (%) -0.22 0.32 0.32 0.32 -0.09 0.32
Loan Growth (%) 2.30 2.2 2.5 2.5 2.4 2.4
Trade Actual Q3 Q4 Q1 Q2 2020
Balance of Trade (JPY Billion) 589.46 510 -100 700 700 910
Current Account (JPY Billion) 1594.84 1750 380 3080 1250 510
Current Account to GDP (%) 3.50 3 3 3.12 3.12 3.12
Imports (JPY Billion) 5995.04 6550 6900 6300 6600 6040
Exports (JPY Billion) 6584.51 6580 6800 7000 7100 6950
Tourist Arrivals 2880000.00 2800000 2358100 2626600 2850000 2451200
Government Actual Q3 Q4 Q1 Q2 2020
Government Debt to GDP (%) 253.00 256 256 258 258 258
Government Budget (% of GDP) -3.80 -4.5 -4.5 -4.4 -4.4 -4.4
Government Spending (JPY Billion) 107734.40 108528 109139 108596 108489 110122
Government Spending To GDP (%) 38.90 39.3 39.3 39.6 39.6 39.6
Taxes Actual Q3 Q4 Q1 Q2 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 10 10 10 10
Social Security Rate (%) 29.20 29.2 29.2 29.3 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 Q3 Q4 Q1 Q2 2020
Business Confidence (Index Points) 7.00 7 9 12 9 5
Services Pmi (Index Points) 51.90 53 53.4 54 54.5 54
Manufacturing PMI 49.30 50.7 50.4 50 50.9 51
Industrial Production (%) -2.10 0.9 1.2 2.1 2 2
Industrial Production Mom (%) 2.00 0.1 0.4 -0.3 0.5 0.1
Machinery Orders (%) -7.80 -1.4 0.3 0.3 0.5 0.2
Coincident Index 103.20 113 113 113 110 113
Economy Watchers Survey 44.00 47.9 48 48.5 49 51
Car Production (Units) 699356.00 682657 674222 760000 750000 694206
Car Registrations 248056.00 260056 208000 345000 250000 234962
Small Business Sentiment -1.00 -4 1 6 5 -4
Non Manufacturing Pmi 23.00 20 19 21 21 16
Consumer Actual Q3 Q4 Q1 Q2 2020
Consumer Confidence (Index Points) 38.70 42 40.9 43 42 43.9
Retail Sales MoM (%) 0.30 0.1 0.7 -0.3 0.5 1.2
Retail Sales YoY (%) 1.20 2.1 1.2 1 2 0.9
Consumer Spending (JPY Billion) 300365.70 303513 304142 302769 302468 306879
Disposable Personal Income (JPY Thousand) 337.97 370 860 396 340 868
Personal Savings (%) 2.50 10 51 5 40 48
Bank Lending Rate (%) 1.00 1 1 1 1 1
Households Debt To GDP (% of GDP) 58.10 58.3 58.6 58.8 59 57.6
Gasoline Prices (USD/Liter) 1.35 1.38 1.35 1.31 1.28 1.28
Housing Actual Q3 Q4 Q1 Q2 2020
Housing Index (Index Points) 115.47 114 114 118 117 117


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.