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: Industrial output growth moderates in March
April 28, 2022
Industrial production rose 0.3% month-on-month in seasonally-adjusted terms in March (February: +2.0% mom).
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Japan: Bank of Japan keeps rates unchanged at April meeting
April 28, 2022
At its meeting ending on 28 April, the Bank of Japan (BoJ) kept its policy rate unchanged at minus 0.10% and kept its 10-year government bond yield target at 0.00%, as widely expected by the market.
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Japan: Merchandise trade deficit narrows in March
April 27, 2022
Yen-denominated merchandise exports jumped 14.7% on an annual basis in March, following February’s 19.1% upturn.
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Japan: Core inflation comes in at highest level since January 2020 in March
April 22, 2022
Core consumer prices—which exclude fresh food—increased 0.40% over the previous month in March, matching February's reading.
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Japan: Composite PMI improves in April
April 22, 2022
The S&P Global Composite Purchasing Managers' Index (PMI) came in at 50.9 in April, up from March's 50.3.
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