Markets Actual Q3 Q4 Q1 Q2 2020
Currency 108.15 108 109 109 110 111
Stock Market (points) 21975.95 21669 21355 21045 20739 20142
Government Bond 10Y (%) -0.18 0.02 0.03 0.05 0.07 0.09
Overview Actual Q3 Q4 Q1 Q2 2020
GDP Growth Rate (%) 0.30 0.4 -0.9 0.4 0.7 0.6
GDP Annual Growth Rate (%) 1.00 0.7 0.9 0.8 0.7 1
GDP Growth Annualized (%) 1.30 1.2 1.5 1.4 1.7 1.9
Unemployment Rate (%) 2.20 2.2 2.3 2.4 2.5 2.8
Inflation Rate (%) 0.50 0.6 2.4 2.2 2 1.5
Inflation Rate Mom (%) 0.10 0.3 0.2 0.5 0.4 0.3
Interest Rate (%) -0.10 -0.1 -0.1 -0.1 -0.1 -0.1
Balance of Trade (JPY Billion) -136.30 510 -100 700 700 910
Current Account (JPY Billion) 1999.92 1750 380 3080 1250 510
Current Account to GDP (%) 3.50 3 3 3.12 3.12 3.12
Government Debt to GDP (%) 238.20 240 240 244 244 244
Government Budget (% of GDP) -3.80 -4.5 -4.5 -4.4 -4.4 -4.4
Business Confidence (Index Points) 7.00 5 9 12 9 5
Services Pmi (Index Points) 53.30 52.7 51 54 54.5 54
Manufacturing PMI 49.30 49 50.4 50 50.9 51
Consumer Confidence (Index Points) 37.10 37.3 39 43 42 43.9
Retail Sales MoM (%) -2.30 7.5 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 (%) 0.30 0.4 -0.9 0.4 0.7 0.6
GDP Annual Growth Rate (%) 1.00 0.7 0.9 0.8 0.7 1
GDP Growth Annualized (%) 1.30 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) 540233.40 536938 540358 542736 544015 545761
Gross National Product (JPY Billion) 564532.30 557984 561876 566368 568484 567495
Gross Fixed Capital Formation (JPY Billion) 128976.30 127000 129000 129000 130000 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 4512 4521 4517 4512 4566
GDP From Construction (JPY Billion) 29714.00 29922 29981 29952 29922 30281
GDP From Manufacturing (JPY Billion) 109203.90 109968 110187 110078 109968 111289
GDP From Mining (JPY Billion) 231.70 233 234 234 233 236
GDP From Public Administration (JPY Billion) 26259.80 26444 26496 26470 26444 26761
GDP From Services (JPY Billion) 21996.40 22150 22194 22172 22150 22416
GDP From Transport (JPY Billion) 25233.60 25410 25461 25435 25410 25715
GDP From Utilities (JPY Billion) 9567.30 9634 9653 9644 9634 9750
Labour Actual Q3 Q4 Q1 Q2 2020
Unemployment Rate (%) 2.20 2.2 2.3 2.4 2.5 2.8
Employment Rate (%) 60.70 61.2 59.6 59.6 59.6 60.5
Labor Force Participation Rate (%) 62.10 61.5 61.3 61.3 61.3 62.5
Productivity (Index Points) 97.00 99.11 104 99.18 99.18 99.17
Wages (JPY/Month) 427395.00 307946 700690 323592 318383 713302
Wages in Manufacturing (JPY/Month) 590607.00 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 (%) 0.50 0.6 2.4 2.2 2 1.5
Inflation Rate Mom (%) 0.10 0.3 0.2 0.5 0.4 0.3
Consumer Price Index CPI (Index Points) 101.60 102 104 104 104 106
Core Consumer Prices (Index Points) 101.50 103 103 103 103 104
Core Inflation Rate (%) 0.60 1.2 1.2 1.3 1.3 1.5
Producer Prices (Index Points) 100.90 101 104 103 103 105
Food Inflation (%) 0.90 1.4 1 1.2 0.8 1.3
Producer Prices Change (%) -0.90 -0.9 2 1.9 1.5 1.5
CPI Housing Utilities (Index Points) 99.80 100 102 102 102 104
CPI Transportation (Index Points) 98.80 100 101 101 100 103
Money Actual Q3 Q4 Q1 Q2 2020
Interest Rate (%) -0.10 -0.1 -0.1 -0.1 -0.1 -0.1
Interbank Rate (%) -0.09 -0.09 -0.09 -0.09 -0.09 -0.09
Deposit Interest Rate (%) -0.29 -0.23 -0.23 -0.23 -0.23 -0.23
Loan Growth (%) 2.10 2.2 2.5 2.5 2.4 2.4
Trade Actual Q3 Q4 Q1 Q2 2020
Balance of Trade (JPY Billion) -136.30 510 -100 700 700 910
Current Account (JPY Billion) 1999.92 1750 380 3080 1250 510
Current Account to GDP (%) 3.50 3 3 3.12 3.12 3.12
Imports (JPY Billion) 6277.28 6550 6900 6300 6600 6040
Exports (JPY Billion) 6140.95 6580 6800 7000 7100 6950
Tourist Arrivals 2991200.00 2800000 2358100 2626600 2850000 2451200
Government Actual Q3 Q4 Q1 Q2 2020
Government Debt to GDP (%) 238.20 240 240 244 244 244
Government Budget (% of GDP) -3.80 -4.5 -4.5 -4.4 -4.4 -4.4
Government Spending (JPY Billion) 109084.50 107885 108877 108659 109848 109966
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 5 9 12 9 5
Services Pmi (Index Points) 53.30 52.7 51 54 54.5 54
Manufacturing PMI 49.30 49 50.4 50 50.9 51
Industrial Production (%) 0.70 0.9 1.2 2.1 2 2
Industrial Production Mom (%) 1.30 0.1 0.4 -0.3 0.5 0.1
Machinery Orders (%) -6.60 -1.4 0.3 0.3 0.5 0.2
Coincident Index 99.80 113 113 113 110 113
Economy Watchers Survey 42.80 40.9 40.5 44 49 51
Car Production (Units) 696692.00 682657 674222 760000 750000 694206
Car Registrations 201903.00 260056 208000 345000 250000 234962
Small Business Sentiment -1.00 -4 1 6 5 -4
Machine Tool Orders (JPY Million) 88347.00 107420 101640 108450 89100 107950
Non Manufacturing Pmi 23.00 20 19 21 21 16
Reuters Tankan Index (Index Points) -7.00 -7 -10 -12 -8 -2
Consumer Actual Q3 Q4 Q1 Q2 2020
Consumer Confidence (Index Points) 37.10 37.3 39 43 42 43.9
Retail Sales MoM (%) -2.30 7.5 0.7 -0.3 0.5 1.2
Retail Sales YoY (%) -2.00 8 -0.5 1 2 0.9
Consumer Spending (JPY Billion) 302425.60 301621 303341 303005 304543 306374
Disposable Personal Income (JPY Thousand) 501.52 368 858 396 714 866
Personal Savings (%) 34.00 10 51 5 40 48
Bank Lending Rate (%) 0.95 0.95 0.95 0.95 0.95 0.95
Households Debt To GDP (% of GDP) 58.10 58.3 58.6 58.8 59 57.6
Gasoline Prices (USD/Liter) 1.36 1.3 1.26 1.23 1.19 1.19
Housing Actual Q3 Q4 Q1 Q2 2020
Housing Index (Index Points) 115.55 114 114 118 117 117


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.