Markets Actual Q4 Q1 Q2 Q3 2020
Currency 108.52 109 109 110 110 111
Stock Market (points) 22492.68 21400 21092 20788 20488 19902
Government Bond 10Y (%) -0.20 0.02 0.04 0.07 0.1 0.12
Overview Actual Q4 Q1 Q2 Q3 2020
GDP Growth Rate (%) 0.30 -0.9 0.4 0.7 0.7 0.6
GDP Annual Growth Rate (%) 1.00 0.9 0.8 0.7 1 1
GDP Growth Annualized (%) 1.30 1.5 1.4 1.7 1.7 1.9
Unemployment Rate (%) 2.20 2.3 2.4 2.5 2.7 2.8
Inflation Rate (%) 0.20 2.4 2.2 2 2 1.5
Inflation Rate Mom (%) 0.00 0.2 0.5 0.4 0.3 0.3
Interest Rate (%) -0.10 -0.1 -0.1 -0.1 -0.1 -0.1
Balance of Trade (JPY Billion) -136.30 -100 700 700 700 910
Current Account (JPY Billion) 2157.71 380 3080 1250 1250 510
Current Account to GDP (%) 3.50 3 3.12 3.12 3.12 3.12
Government Debt to GDP (%) 238.20 240 244 244 244 244
Government Budget (% of GDP) -3.80 -4.5 -4.4 -4.4 -4.4 -4.4
Business Confidence (Index Points) 5.00 2 12 9 9 5
Services Pmi (Index Points) 52.80 51 54 54.5 54.9 54
Manufacturing PMI 48.90 50.4 50 50.9 51 51
Consumer Confidence (Index Points) 35.60 39 43 42 41 43.9
Retail Sales MoM (%) 4.80 0.7 -0.3 0.5 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 Q4 Q1 Q2 Q3 2020
GDP Growth Rate (%) 0.30 -0.9 0.4 0.7 0.7 0.6
GDP Annual Growth Rate (%) 1.00 0.9 0.8 0.7 1 1
GDP Growth Annualized (%) 1.30 1.5 1.4 1.7 1.7 1.9
GDP (USD Billion) 4970.92 5110 5400 5400 5400 5400
GDP Constant Prices (JPY Billion) 540233.40 541757 539616 542736 544015 546633
Gross National Product (JPY Billion) 564532.30 563536 561308 566368 568484 568608
Gross Fixed Capital Formation (JPY Billion) 128976.30 129235 128724 129000 130000 130398
GDP per capita (USD) 48919.60 49500 50200 50200 50200 50200
GDP per capita PPP (USD) 39293.50 41500 43000 43000 43000 43000
GDP From Agriculture (JPY Billion) 4480.70 4534 4517 4575 4512 4575
GDP From Construction (JPY Billion) 29714.00 30071 29952 30341 29922 30341
GDP From Manufacturing (JPY Billion) 109203.90 110514 110078 111509 109968 111509
GDP From Mining (JPY Billion) 231.70 234 234 237 233 237
GDP From Public Administration (JPY Billion) 26259.80 26575 26470 26814 26444 26814
GDP From Services (JPY Billion) 21996.40 22260 22172 22461 22150 22461
GDP From Transport (JPY Billion) 25233.60 25536 25435 25766 25410 25766
GDP From Utilities (JPY Billion) 9567.30 9682 9644 9769 9634 9769
Labour Actual Q4 Q1 Q2 Q3 2020
Unemployment Rate (%) 2.20 2.3 2.4 2.5 2.7 2.8
Employment Rate (%) 60.90 59.6 59.6 59.6 59.6 60.5
Labor Force Participation Rate (%) 62.30 61.3 61.3 61.3 61.3 62.5
Productivity (Index Points) 101.90 102 109 96 102 101
Wages (JPY/Month) 305988.00 693787 321681 566595 432524 700725
Wages in Manufacturing (JPY/Month) 342888.00 841177 357791 577834 597694 849589
Minimum Wages (JPY/Hour) 901.00 901 925 925 925 925
Prices Actual Q4 Q1 Q2 Q3 2020
Inflation Rate (%) 0.20 2.4 2.2 2 2 1.5
Inflation Rate Mom (%) 0.00 0.2 0.5 0.4 0.3 0.3
Consumer Price Index CPI (Index Points) 101.90 103 103 104 104 104
Core Consumer Prices (Index Points) 101.60 103 103 103 103 104
Core Inflation Rate (%) 0.30 1.2 1.3 1.3 1.3 1.5
Producer Prices (Index Points) 100.90 103 103 103 103 104
Food Inflation (%) 0.50 1 1.2 0.8 0.8 1.3
Producer Prices Change (%) -1.10 2 1.9 1.5 1.5 1.5
CPI Housing Utilities (Index Points) 99.80 101 101 102 102 103
CPI Transportation (Index Points) 98.20 100 99.99 101 100 102
Money Actual Q4 Q1 Q2 Q3 2020
Interest Rate (%) -0.10 -0.1 -0.1 -0.1 -0.1 -0.1
Interbank Rate (%) -0.11 -0.06 -0.06 -0.09 -0.09 -0.06
Deposit Interest Rate (%) -0.13 0.32 0.32 -0.23 -0.23 0.32
Loan Growth (%) 2.00 2.5 2.5 2.4 2.5 2.4
Trade Actual Q4 Q1 Q2 Q3 2020
Balance of Trade (JPY Billion) -136.30 -100 700 700 700 910
Current Account (JPY Billion) 2157.71 380 3080 1250 1250 510
Current Account to GDP (%) 3.50 3 3.12 3.12 3.12 3.12
Imports (JPY Billion) 6277.28 6900 6300 6600 6600 6040
Exports (JPY Billion) 6140.95 6800 7000 7100 7100 6950
Tourist Arrivals 2520100.00 2800000 2626600 2850000 2850000 2451200
Government Actual Q4 Q1 Q2 Q3 2020
Government Debt to GDP (%) 238.20 240 244 244 244 244
Government Budget (% of GDP) -3.80 -4.5 -4.4 -4.4 -4.4 -4.4
Government Spending (JPY Billion) 109084.50 109187 108755 108659 109848 110170
Government Spending To GDP (%) 38.90 39.3 39.6 39.6 39.6 39.6
Taxes Actual Q4 Q1 Q2 Q3 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 (%) 10.00 10 10 10 10 10
Social Security Rate (%) 29.20 29.2 29.3 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 Q4 Q1 Q2 Q3 2020
Business Confidence (Index Points) 5.00 2 12 9 9 5
Services Pmi (Index Points) 52.80 51 54 54.5 54.9 54
Manufacturing PMI 48.90 50.4 50 50.9 51 51
Industrial Production (%) -4.70 1.2 2.1 2 2 2
Industrial Production Mom (%) -1.20 0.4 -0.3 0.5 0.5 0.1
Machinery Orders (%) -2.40 0.3 0.3 0.5 0.5 0.2
Coincident Index 99.30 113 113 110 110 113
Economy Watchers Survey 46.70 40.5 44 49 51 51
Car Production (Units) 774265.00 674222 760000 750000 750000 694206
Car Registrations 300280.00 208000 345000 250000 250000 234962
Small Business Sentiment -4.00 -7 -10 -8 -6 -4
Machine Tool Orders (JPY Million) 98956.00 101640 108450 89100 104870 107950
Non Manufacturing Pmi 21.00 17 21 21 21 16
Reuters Tankan Index (Index Points) -5.00 -10 -12 -8 -6 -2
Consumer Actual Q4 Q1 Q2 Q3 2020
Consumer Confidence (Index Points) 35.60 39 43 42 41 43.9
Retail Sales MoM (%) 4.80 0.7 -0.3 0.5 0.5 1.2
Retail Sales YoY (%) 2.00 -0.5 1 2 2 0.9
Consumer Spending (JPY Billion) 302425.60 304602 303398 303005 304543 307343
Disposable Personal Income (JPY Thousand) 431.80 860 387 396 714 868
Personal Savings (%) 23.70 51 5 40 40 48
Bank Lending Rate (%) 0.95 1 1 0.95 0.95 1
Households Debt To GDP (% of GDP) 58.20 58.6 58.8 59 59 57.6
Gasoline Prices (USD/Liter) 1.36 1.19 1.16 1.18 1.14 1.16
Housing Actual Q4 Q1 Q2 Q3 2020
Housing Index (Index Points) 113.60 114 118 117 117 117


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.