Markets Actual Q3 Q4 Q1 Q2 2020
Currency 106.61 109 110 110 111 112
Stock Market (points) 20563.16 20305 20004 19709 19417 18846
Government Bond 10Y (%) -0.23 0.02 0.03 0.05 0.07 0.09
Overview Actual Q3 Q4 Q1 Q2 2020
GDP Growth Rate (%) 0.40 0.4 -0.9 0.4 0.7 0.6
GDP Annual Growth Rate (%) 1.20 1.3 -0.2 -0.5 0.7 0.9
GDP Growth Annualized (%) 1.80 1.2 1.5 1.4 1.7 1.9
Unemployment Rate (%) 2.30 2.4 2.5 2.6 2.6 2.8
Inflation Rate (%) 0.70 0.6 2.4 2.2 2 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) -249.59 510 -100 700 700 910
Current Account (JPY Billion) 1211.17 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 5 9 12 9 5
Services Pmi (Index Points) 51.80 52 51 54 54.5 54
Manufacturing PMI 49.40 49 50.4 50 50.9 51
Consumer Confidence (Index Points) 37.80 37.3 39 43 42 43.9
Retail Sales MoM (%) 0.00 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 (%) 0.40 0.4 -0.9 0.4 0.7 0.6
GDP Annual Growth Rate (%) 1.20 1.3 -0.2 -0.5 0.7 0.9
GDP Growth Annualized (%) 1.80 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) 541476.20 540090 534274 536415 545267 539083
Gross National Product (JPY Billion) 564532.30 561308 555751 559064 568484 560753
Gross Fixed Capital Formation (JPY Billion) 130219.20 127000 128000 128000 131000 129000
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 4472 4458 4512 4512
GDP From Construction (JPY Billion) 29714.00 30100 29655 29565 29922 29921
GDP From Manufacturing (JPY Billion) 109203.90 110624 108985 108658 109968 109966
GDP From Mining (JPY Billion) 231.70 235 231 231 233 233
GDP From Public Administration (JPY Billion) 26259.80 26601 26207 26129 26444 26443
GDP From Services (JPY Billion) 21996.40 22282 21952 21886 22150 22150
GDP From Transport (JPY Billion) 25233.60 25562 25183 25107 25410 25410
GDP From Utilities (JPY Billion) 9567.30 9692 9548 9519 9634 9634
Labour Actual Q3 Q4 Q1 Q2 2020
Unemployment Rate (%) 2.30 2.4 2.5 2.6 2.6 2.8
Employment Rate (%) 60.80 61.2 59.6 59.6 59.6 60.5
Labor Force Participation Rate (%) 62.30 61.5 61.3 61.3 61.3 62.5
Productivity (Index Points) 103.30 99.11 104 99.18 99.18 99.17
Wages (JPY/Month) 560430.00 307946 700690 323592 318383 713302
Wages in Manufacturing (JPY/Month) 571547.00 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 0.6 2.4 2.2 2 1.5
Inflation Rate Mom (%) 0.00 0.3 0.2 0.5 0.4 0.3
Consumer Price Index CPI (Index Points) 101.60 102 104 104 104 106
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) 101.20 102 104 103 103 105
Food Inflation (%) 1.40 1.4 1 1.2 0.8 1.3
Producer Prices Change (%) -0.60 -0.3 2 1.9 1.5 1.5
CPI Housing Utilities (Index Points) 99.70 100 102 102 102 104
CPI Transportation (Index Points) 98.30 100 101 101 100 103
Money Actual Q3 Q4 Q1 Q2 2020
Interest Rate (%) -0.10 -0.1 -0.1 -0.1 -0.1 0
Interbank Rate (%) -0.10 -0.06 -0.06 -0.06 -0.07 -0.06
Deposit Interest Rate (%) -0.26 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) -249.59 510 -100 700 700 910
Current Account (JPY Billion) 1211.17 1750 380 3080 1250 510
Current Account to GDP (%) 3.50 3 3 3.12 3.12 3.12
Imports (JPY Billion) 6892.78 6550 6900 6300 6600 6040
Exports (JPY Billion) 6643.19 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) 108825.60 108510 107668 107272 109587 108637
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) 51.80 52 51 54 54.5 54
Manufacturing PMI 49.40 49 50.4 50 50.9 51
Industrial Production (%) -3.80 0.9 1.2 2.1 2 2
Industrial Production Mom (%) -3.30 0.1 0.4 -0.3 0.5 0.1
Machinery Orders (%) 13.90 -1.4 0.3 0.3 0.5 0.2
Coincident Index 100.40 113 113 113 110 113
Economy Watchers Survey 41.20 40.9 40.5 44 49 51
Car Production (Units) 676431.00 682657 674222 760000 750000 694206
Car Registrations 258150.00 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) 37.80 37.3 39 43 42 43.9
Retail Sales MoM (%) 0.00 7.5 0.7 -0.3 0.5 1.2
Retail Sales YoY (%) 0.50 8 -0.5 1 2 0.9
Consumer Spending (JPY Billion) 302857.90 303437 300052 299485 304978 302752
Disposable Personal Income (JPY Thousand) 709.20 370 848 391 714 856
Personal Savings (%) 55.00 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) 1.34 1.31 1.28 1.25 1.22 1.22
Housing Actual Q3 Q4 Q1 Q2 2020
Housing Index (Index Points) 114.74 114 114 118 117 117


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.