Japan Economic Outlook
November 21, 2017Strong global growth continued to propel economic activity in Q3, leading the economy to expand for the seventh consecutive quarter and marking the longest stretch of growth in more than 15 years. Japan’s export-driven economy expanded 1.4% in seasonally-adjusted annualized terms in Q3, which was down from Q2’s stellar 2.6% expansion. Although the deceleration was a result of weaker dynamics at home, the domestic economy should pick up steam in Q4, as the slowdown mostly reflected temporary factors such as bad weather. Recent data confirms that private consumption strengthened so far in Q4, with consumer confidence hitting a four-year high in October. Prime Minister Shinzo Abe accelerated talks to revise Japan’s pacifist constitution following his landslide victory in the 22 October general election, and his party is expected to send its proposals to the national assembly ahead of January’s session.
Japan Economic GrowthEconomic growth should lose some steam in 2018 as the tailwinds that propelled growth this year start to wane. Moreover, structural factors will continue to weigh on growth. On the upside, global growth should remain robust next year, while the Central Bank will likely keep its ultra-loose monetary policy. FocusEconomics panelists see the economy growing 1.2% in 2018, which is unchanged from last month’s forecast. For 2019, they see growth at 1.0%.
Japan Economy Data
5 years of Japan economic forecasts for more than 30 economic indicators.
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|Bond Yield||0.06||-4.41 %||Dec 06|
|Exchange Rate||112.3||-0.35 %||Dec 06|
|Stock Market||22,177||0.40 %||Dec 06|
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Japan Economic News
November 30, 2017
Industrial production rose 0.5% in October compared to the previous month in seasonally-adjusted terms, contrasting September’s 1.0% decrease.
November 20, 2017
Nominal exports valued in yen increased 14.0% from the same month last year in October, following September’s 14.1% rise.
November 15, 2017
The Japanese economy expanded for the seventh consecutive quarter in Q3, the longest period of growth in more than a decade.
November 9, 2017
Core machinery orders (a leading indicator of capital spending over a three- to six-month period) plunged at their fastest pace in over two years in September, suggesting that capital expenditure is losing momentum.
November 2, 2017
Consumer sentiment rose from 43.9 in September to 44.5 in October, marking the highest level since September 2013.