Industry in Japan
Japan - Industry
Industrial production remains weak in March
Industrial production decreased 3.7% in March on a month-on-month and seasonally-adjusted basis, after falling 0.3% in February. This steeper decline was driven by falling output of motor vehicles and production machinery.
On an annual basis, industrial production fell 5.2% in March, after decreasing 5.7% in February. The annual average variation in industrial production was minus 3.7% in March (January: -3.6%).
FocusEconomics Consensus Forecast panelists see industrial production decreasing 8.4% in 2020, which is down 7.3 percentage points over the previous month’s projection. In 2021, the panel sees industrial production recovering 1.9%.
Japan - Industry Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Industrial Production (annual variation in %) | -1.1 | 0.0 | 3.1 | 1.1 | -3.0 |
Japan Industry Chart
Source: Ministry of Economy, Trade and Industry and FocusEconomics calculations.
Japan Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | -0.02 | -4.41 % | Dec 30 |
| Exchange Rate | 108.7 | -0.35 % | Jan 01 |
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Economic News
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Japan: Core inflation flatlines in August
September 24, 2021
Core consumer prices—which exclude fresh food—dropped 0.10% from the previous month in August, swinging from the 0.40% rise recorded in July.
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Japan: Composite PMI improves in September, remains in contractionary territory
September 24, 2021
The Jibun Bank Composite Purchasing Managers’ Index (PMI)—which combines the PMIs of the services and manufacturing sectors—rose to 47.7 in September according to a flash reading, up from August’s final figure of 45.5.
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Japan: Bank of Japan keeps policy unchanged at September meeting
September 22, 2021
At its meeting ending on 22 September, the Bank of Japan (BoJ) kept its monetary policy unchanged, as widely expected by market analysts.
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Japan: Exports increase at a softer pace in August
September 16, 2021
Yen-denominated merchandise exports rose 26.2% year-on-year in August, following July’s 37.0% jump.
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Japan: Core machinery orders bounce back in July
September 15, 2021
Core machinery orders—which cover the private sector, exclude volatile orders and are a leading indicator for capital spending over the coming three-to-six-month period—grew 0.9% in month-on-month seasonally-adjusted terms in July, which contrasted June's 1.5% decrease.
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