Japan Economic Outlook
April 30, 2018
Economic growth likely lost some momentum in Q1 as higher inflation and low wage increases weighed on consumer spending. Moreover, industrial production lost some steam in the period, while business confidence among large manufacturers moderated for the first time in over two years. That said, the shock is expected to be temporary, and the economy should continue posting solid growth rates throughout the rest of the year. External demand should recover in Q2 due to still resilient economic activity among Japan’s main trading partners, while a robust job market and works related to the 2020 Tokyo Olympics will boost domestic demand. In an attempt to strengthen the relationship between the two countries, on 18 April Prime Minister Shinzo Abe and U.S. President Donald Trump pledged to increase trade and investment between Japan and the U.S.Japan Economic Growth
The economy will grow this year on the back of the Bank of Japan’s (BoJ) ultra-loose monetary policy, healthy external demand and renewed fiscal support. Moreover, a tight labor market will continue to shore up household spending. The brewing trade war between China and the U.S., as well as a possible sudden slowdown in China are the main downside risks to Japan’s economic outlook. FocusEconomics panelists see the economy growing 1.3% in 2018, which is unchanged from last month’s forecast, and 1.0% in 2019.Japan Economy Data
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Japan Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 0.06 | -4.41 % | May 21 |
| Exchange Rate | 111.1 | -0.35 % | May 21 |
| Stock Market | 23,002 | 0.40 % | May 21 |
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Japan Economic News
Japan: Manufacturing PMI slides in May
May 23, 2018
The Nikkei flash manufacturing Purchasing Managers’ Index (PMI) decreased to 52.5 in May from April’s revised 53.8 (previously reported: 53.3), marking the lowest print since August 2017.
Japan: Export growth gains steam in April
May 21, 2018
Nominal yen-denominated merchandise exports increased 7.8% in annual terms in April, accelerating from March’s 2.1% rise.
Japan: Core inflation moderates in April
May 18, 2018
In April, the core consumer price index fell 0.1% compared to the previous month in seasonally-adjusted terms, matching March’s 0.1% drop. Core inflation edged down from 0.9% in March to 0.7% in April.
Japan: Machinery orders contract in March
May 17, 2018
Core machinery orders—a leading indicator of capital spending over a three to six month period—declined in March for the first time in three months.
Japan: GDP contracts in Q1, ending two-year run of growth
May 16, 2018
Japan’s economy ground to a halt at the start of 2018, contracting for the first time in nine quarters.
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