Markets Actual Q3/26 Q4/26 Q1/27 Q2/27
Stock Market (points) 64141.12 61763 58484 55848 53327
Currency 162.40 162 160 159 158
Government Bond 10Y (%) 2.71 2.67 2.61 2.56 2.5

Overview Actual Q3/26 Q4/26 Q1/27 Q2/27
GDP Growth Rate (%) 0.50 0.1 0.4 0.5 0.6
GDP Annual Growth Rate (%) 0.60 0.9 1.1 1.5 1.1
GDP Growth Annualized (%) 1.80 0.6 1.3 2 1.2
Unemployment Rate (%) 2.50 2.6 2.6 2.6 2.4
Inflation Rate (%) 1.50 1.8 2.1 2 1.9
Inflation Rate MoM (%) 0.40 0.2 0.1 0.1 0.2
Interest Rate (%) 1.00 1 1 1 1
Balance of Trade (JPY Billion) -378.70 -250 -100 1000 0
Current Account (JPY Billion) 3968.30 1500 980 3300 1540
Services PMI (points) 52.20 50.8 51 51.5 52
Business Confidence (points) 22.00 23 22 24 23
Manufacturing PMI (points) 54.80 52 48.5 48.5 51.9
Retail Sales MoM (%) 1.90 0.6 -0.5 0.5 0.4
Consumer Confidence (points) 33.80 36 37 37.5 39
Current Account to GDP (% of GDP) 4.70 4.5
Government Debt to GDP (% of GDP) 248.70 232
Government Budget (% of GDP) -2.30 -3.7

GDP Actual Q3/26 Q4/26 Q1/27 Q2/27
GDP Growth Rate (%) 0.50 0.1 0.4 0.5 0.6
GDP Annual Growth Rate (%) 0.60 0.9 1.1 1.5 1.1
GDP Growth Annualized (%) 1.80 0.6 1.3 2 1.2
GDP Constant Prices (JPY Billion) 593693.30 594746 597171 602599 600224
Gross National Product (JPY Billion) 622987.50 626958 627011 632332 629840
Gross Fixed Capital Formation (JPY Billion) 106588.70 107081 108538 108188 107761
GDP (USD Billion) 4435.16 5390
GDP per Capita (USD) 38619.34 38851
GDP per Capita PPP (USD) 46106.92 46384
Full Year GDP Growth (%) 1.10 0.6
GDP from Agriculture (JPY Billion) 5899.90 5965
GDP from Construction (JPY Billion) 31263.60 31607
GDP from Manufacturing (JPY Billion) 110990.40 112211
GDP from Mining (JPY Billion) 210.10 212
GDP from Public Administration (JPY Billion) 28319.80 28631
GDP from Services (JPY Billion) 24487.50 24757
GDP from Transport (JPY Billion) 32462.70 32820
GDP from Utilities (JPY Billion) 18737.60 18944

Labour Actual Q3/26 Q4/26 Q1/27 Q2/27
Unemployment Rate (%) 2.50 2.6 2.6 2.6 2.4
Employed Persons (Thousand ) 68820.00 68200 68400 68400 68400
Unemployed Persons (Thousand ) 1740.00 1750 1730 1800 1750
Youth Unemployment Rate (%) 4.30 4.4 4.4 4.4 4.2
Productivity (points) 97.10 106 106 113 98.5
Job Vacancies (Thousand ) 786.00 790 800 810 805
Wages (JPY/Month) 349464.00 345144 780335 367278 359598
Wages in Manufacturing (JPY/Month) 332815.00 377329 953732 336249 342467
Wage Growth (%) 3.20 3 2.8 2.1 2.9
Minimum Wages (JPY/Hour) 1064.00 1130
Population (Million) 123.22 123

Prices Actual Q3/26 Q4/26 Q1/27 Q2/27
Inflation Rate (%) 1.50 1.8 2.1 2 1.9
Inflation Rate MoM (%) 0.40 0.2 0.1 0.1 0.2
Consumer Price Index CPI (points) 113.50 114 115 115 116
Core Consumer Prices (points) 113.00 114 114 114 115
Core Inflation Rate (%) 1.40 1.9 2 1.8 2
GDP Deflator (points) 112.70 113 118 115 115
Producer Prices (points) 135.40 133 133 132 133
Food Inflation (%) 3.50 3.2 3 3 1.8
CPI Transportation (points) 101.50 102 102 102 102
CPI Housing Utilities (points) 104.90 106 107 107 107
CPI Core Core (%) 1.80 2 2.2 2.1 2
Producer Prices Change (%) 7.10 5 3.8 2 -1.8

Money Actual Q3/26 Q4/26 Q1/27 Q2/27
Interest Rate (%) 1.00 1 1 1 1
Loan Growth (%) 5.70 5.4 5.3 5.3 5
Private Debt to GDP (%) 162.60 169

Trade Actual Q3/26 Q4/26 Q1/27 Q2/27
Balance of Trade (JPY Billion) -378.70 -250 -100 1000 0
Current Account (JPY Billion) 3968.30 1500 980 3300 1540
Imports (JPY Billion) 9890.20 9600 9900 9000 9500
Exports (JPY Billion) 9511.55 9350 9800 10000 9500
Tourist Arrivals 3559900.00 3150000 3504000 3700000 3400000
Current Account to GDP (% of GDP) 4.70 4.5

Business Actual Q3/26 Q4/26 Q1/27 Q2/27
Services PMI (points) 52.20 50.8 51 51.5 52
Business Confidence (points) 22.00 23 22 24 23
Manufacturing PMI (points) 54.80 52 48.5 48.5 51.9
Industrial Production (%) -2.10 1 1.2 0.6 -1.2
Manufacturing Production (%) -1.60 1 1.5 0.5 -1.4
Capacity Utilization (points) 103.00 107 106 108 107
Bankruptcies (Companies) 1021.00 821 850 840 800
Corporate Profits (JPY Billion) 32627.09 25000 28500 28500 33000
Economy Watchers Survey (points) 44.00 46 48 47 49
Car Production (Units) 589567.00 690000 645000 665000 690000
Car Registrations (Units) 247956.00 245000 180000 180000 220000
Leading Economic Index (Points) 116.80 112 115 116 119
Small Business Sentiment (points) 9.00 10 8 9 11
Tankan Large Manufacturing Outlook (points) 17.00 18 16 18 19
Composite PMI (points) 52.80 51 51.1 52 50.5
Non Manufacturing PMI (points) 37.00 35 37 39 36
Reuters Tankan Index (points) 13.00 15 15 16 18

Consumer Actual Q3/26 Q4/26 Q1/27 Q2/27
Retail Sales MoM (%) 1.90 0.6 -0.5 0.5 0.4
Consumer Confidence (points) 33.80 36 37 37.5 39
Retail Sales YoY (%) 5.30 5.8 4.6 1.6 1.9
Household Spending (%) -0.40 0.1 1.4 1.4 1.7
Consumer Spending (JPY Billion) 310270.50 311717 312601 314925 313683
Disposable Personal Income (JPY Thousand) 410.71 418 1022 460 415
Personal Savings (%) 3.90 0.5 4 -6.5 0.5
Bank Lending Rate (%) 3.15 3.15 3.15 3.15 3.15
Gasoline Prices (USD/Liter) 1.05 1.21 1.15 1.1 1.01
Consumer Credit (JPY Billion) 62267.10 59616 61380 63201 62952

Housing Actual Q3/26 Q4/26 Q1/27 Q2/27
Housing Starts (Units) 57877.00 63252 68330 64130 61928
Construction Orders (%) -6.70 -3 5 23 10
Housing Starts YoY (Percent) 33.90 -0.5 10 1 7

Government Actual Q3/26 Q4/26 Q1/27 Q2/27
Government Debt to GDP (% of GDP) 248.70 232
Government Budget (% of GDP) -2.30 -3.7
Government Spending to GDP (% of GDP) 39.05 43