Markets Actual Q2/26 Q3/26 Q4/26 Q1/27
Currency 160.32 160 158 157 156
Stock Market (points) 64070.00 65865 61281 58784 56393
Government Bond 10Y (%) 2.72 2.66 2.57 2.51 2.46

Overview Actual Q2/26 Q3/26 Q4/26 Q1/27
GDP Growth Rate (%) 0.50 0.3 0.1 0.4 0.5
GDP Growth Annualized (%) 1.80 0.8 1.1 1.3 0.8
GDP Annual Growth Rate (%) 0.60 -0.5 0.4 0.7 0.6
Unemployment Rate (%) 2.50 2.7 2.6 2.6 2.6
Inflation Rate (%) 1.40 1.7 2.3 2.1 2
Inflation Rate MoM (%) 0.10 0.2 0.2 0.1 0.1
Interest Rate (%) 0.75 1 1 1 1
Balance of Trade (JPY Billion) 301.91 -700 -250 -100 1000
Current Account (JPY Billion) 3907.80 1430 1500 980 3300
Business Confidence (points) 17.00 13 15 18 14
Services PMI (points) 50.00 51.3 50.8 51 51.5
Manufacturing PMI (points) 54.50 53.6 52 48.5 51.5
Consumer Confidence (points) 33.60 32 36.9 37 37.5
Retail Sales MoM (%) 1.30 0.8 0.6 -0.5 0.5
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 Q2/26 Q3/26 Q4/26 Q1/27
GDP Growth Rate (%) 0.50 0.3 0.1 0.4 0.5
GDP Growth Annualized (%) 1.80 0.8 1.1 1.3 0.8
GDP Annual Growth Rate (%) 0.60 -0.5 0.4 0.7 0.6
GDP Constant Prices (JPY Billion) 593693.30 590154 591799 594808 597255
Gross National Product (JPY Billion) 622987.50 616625 623851 624531 626725
Gross Fixed Capital Formation (JPY Billion) 106588.70 105707 106551 108109 107228
GDP (USD Billion) 4026.21 5390
GDP per Capita (USD) 37144.91 37368
GDP per Capita PPP (USD) 46097.43 46374
Full Year GDP Growth (%) 1.10 0.6
GDP from Services (JPY Billion) 24487.50 24659
GDP from Utilities (JPY Billion) 18737.60 18869
GDP from Public Administration (JPY Billion) 28319.80 28518
GDP from Construction (JPY Billion) 31263.60 31482
GDP from Transport (JPY Billion) 32462.70 32690
GDP from Manufacturing (JPY Billion) 110990.40 111767
GDP from Agriculture (JPY Billion) 5899.90 5941
GDP from Mining (JPY Billion) 210.10 212

Labour Actual Q2/26 Q3/26 Q4/26 Q1/27
Unemployment Rate (%) 2.50 2.7 2.6 2.6 2.6
Unemployed Persons (Thousand ) 1790.00 1780 1750 1730 1800
Employed Persons (Thousand ) 68760.00 68000 68200 68400 68600
Youth Unemployment Rate (%) 3.60 3.8 3.7 3.7 3.7
Productivity (points) 114.40 99 106 106 113
Job Vacancies (Thousand ) 802.00 800 830 845 845
Wages (JPY/Month) 358095.00 642805 341793 780335 365615
Wages in Manufacturing (JPY/Month) 328165.00 688031 373666 953732 335056
Wage Growth (%) 3.50 2.8 2 2.8 2.1
Minimum Wages (JPY/Hour) 1064.00 1130
Population (Million) 123.22 123

Prices Actual Q2/26 Q3/26 Q4/26 Q1/27
Inflation Rate (%) 1.40 1.7 2.3 2.1 2
Inflation Rate MoM (%) 0.10 0.2 0.2 0.1 0.1
Consumer Price Index CPI (points) 113.00 114 115 115 115
Core Inflation Rate (%) 1.40 2.3 2.1 2.3 2.3
Core Consumer Prices (points) 112.50 114 114 115 115
GDP Deflator (points) 112.70 115 114 118 115
Producer Prices (points) 132.80 134 134 134 132
Food Inflation (%) 3.50 3.8 3.2 3 2.2
CPI Transportation (points) 101.30 102 102 102 102
CPI Housing Utilities (points) 104.70 106 107 107 107
CPI Core Core (%) 1.90 2.5 2.3 2.1 2.1
Producer Prices Change (%) 4.90 5.9 5.5 4.8 2

Money Actual Q2/26 Q3/26 Q4/26 Q1/27
Interest Rate (%) 0.75 1 1 1 1
Loan Growth (%) 5.70 5.2 5.4 5.3 5.3
Private Debt to GDP (%) 162.60 169

Trade Actual Q2/26 Q3/26 Q4/26 Q1/27
Balance of Trade (JPY Billion) 301.91 -700 -250 -100 1000
Current Account (JPY Billion) 3907.80 1430 1500 980 3300
Imports (JPY Billion) 10205.44 10200 9600 9900 9000
Exports (JPY Billion) 10507.35 9500 9350 9800 10000
Tourist Arrivals 3692200.00 3250000 3150000 3504000 3700000
Current Account to GDP (% of GDP) 4.70 4.5

Business Actual Q2/26 Q3/26 Q4/26 Q1/27
Business Confidence (points) 17.00 13 15 18 14
Services PMI (points) 50.00 51.3 50.8 51 51.5
Manufacturing PMI (points) 54.50 53.6 52 48.5 51.5
Industrial Production (%) 2.30 0.8 1 1.2 0.6
Manufacturing Production (%) 2.30 0.8 0.5 1.3 -0.5
Capacity Utilization (points) 103.70 106 107 106 108
Bankruptcies (Companies) 883.00 840 821 850 840
Corporate Profits (JPY Billion) 32627.09 34500 25000 28500 29500
Economy Watchers Survey (points) 40.80 45 46 48 47
Car Production (Units) 675899.00 700000 690000 645000 665000
Car Registrations (Units) 187486.00 230000 245000 180000 280000
Leading Economic Index (Points) 115.90 114 112 105 106
Small Business Sentiment (points) 7.00 -1 -3 1 2
Tankan Large Manufacturing Outlook (points) 14.00 13 14 13 15
Non Manufacturing PMI (points) 36.00 34 32 36 40
Composite PMI (points) 51.10 50.8 51 51.1 52
Reuters Tankan Index (points) 8.00 9 18 11 8

Consumer Actual Q2/26 Q3/26 Q4/26 Q1/27
Consumer Confidence (points) 33.60 32 36.9 37 37.5
Retail Sales MoM (%) 1.30 0.8 0.6 -0.5 0.5
Retail Sales YoY (%) 2.10 2.3 1.8 1.6 1.6
Household Spending (%) -0.50 -1.5 0.5 1.4 1.4
Consumer Spending (JPY Billion) 310270.50 305824 310173 311364 312132
Disposable Personal Income (JPY Thousand) 453.45 772 416 1017 456
Personal Savings (%) 3.90 1 0.5 4 -6.5
Bank Lending Rate (%) 3.05 3.3 3.3 3.3 3.3
Consumer Credit (JPY Billion) 58802.70 56170 57451 59214 59156
Gasoline Prices (USD/Liter) 1.06 1.41 1.21 1.01 1.01

Housing Actual Q2/26 Q3/26 Q4/26 Q1/27
Housing Starts (Units) 63495.00 53158 63252 62739 64130
Construction Orders (%) -32.30 2 3 5 5
Housing Starts YoY (Percent) 11.40 -5 -0.5 1 1

Government Actual Q2/26 Q3/26 Q4/26 Q1/27
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