hosted by
funded by
Country Report Japan May 2011
PDF
HTMLOutlook for 2011-15: Quarterly forecasts
| Quarterly forecasts | ||||||||||||
| 2010 | 2011 | 2012 | ||||||||||
| 1 Qtr | 2 Qtr | 3 Qtr | 4 Qtr | 1 Qtr | 2 Qtr | 3 Qtr | 4 Qtr | 1 Qtr | 2 Qtr | 3 Qtr | 4 Qtr | |
| GDP | ||||||||||||
| % change, quarter on quarter | 1.5 | 0.5 | 0.8 | -0.3 | 0.7 | -2.2 | 2.0 | 2.9 | 0.2 | -0.3 | -0.8 | -0.2 |
| % change, year on year | 5.4 | 3.3 | 4.7 | 2.5 | 1.7 | -1.1 | 0.1 | 3.3 | 2.8 | 4.8 | 2.0 | -1.1 |
| Private consumption | ||||||||||||
| % change, quarter on quarter | 0.5 | 0.0 | 0.9 | -0.8 | 0.7 | -2.2 | 2.0 | 2.9 | 0.0 | -0.4 | -1.0 | -0.4 |
| % change, year on year | 2.9 | 1.6 | 2.4 | 0.6 | 0.7 | -1.5 | -0.5 | 3.2 | 2.6 | 4.4 | 1.4 | -1.8 |
| Government consumption | ||||||||||||
| % change, quarter on quarter | -0.3 | 1.1 | 0.3 | 0.3 | 1.0 | -1.8 | 2.3 | 3.3 | -0.2 | -0.7 | -1.2 | -0.7 |
| % change, year on year | 2.7 | 2.9 | 2.1 | 1.4 | 2.8 | -0.2 | 1.8 | 4.8 | 3.5 | 4.6 | 1.0 | -2.9 |
| Gross fixed investment | ||||||||||||
| % change, quarter on quarter | 0.4 | 1.1 | 0.8 | -0.3 | 0.0 | -2.9 | 1.3 | 2.2 | 1.3 | 0.8 | 0.3 | 0.8 |
| % change, year on year | -3.9 | -0.3 | 3.2 | 1.9 | 1.5 | -2.5 | -2.0 | 0.6 | 1.8 | 5.7 | 4.6 | 3.2 |
| Exports of goods & services | ||||||||||||
| % change, quarter on quarter | 6.6 | 5.3 | 1.5 | -0.8 | 1.7 | -1.2 | 3.0 | 3.9 | 1.3 | 0.8 | 0.3 | 0.9 |
| % change, year on year | 35.4 | 29.9 | 21.3 | 13.1 | 7.9 | 1.2 | 2.6 | 7.5 | 7.1 | 9.3 | 6.4 | 3.3 |
| Imports of goods & services | ||||||||||||
| % change, quarter on quarter | 3.0 | 4.0 | 2.9 | -0.1 | 1.1 | -1.8 | 2.4 | 3.3 | 2.2 | 1.7 | 1.2 | 1.8 |
| % change, year on year | 4.0 | 14.2 | 11.3 | 10.1 | 8.0 | 2.0 | 1.5 | 5.0 | 6.2 | 10.1 | 8.8 | 7.1 |
| Domestic demand | ||||||||||||
| % change, quarter on quarter | 1.0 | 0.3 | 1.0 | -0.2 | 0.3 | -2.2 | 1.9 | 2.8 | 0.2 | -0.2 | -0.7 | -0.2 |
| % change, year on year | 1.6 | 1.6 | 3.4 | 2.1 | 1.4 | -1.2 | -0.3 | 2.8 | 2.7 | 4.8 | 2.0 | -1.0 |
| Consumer prices | ||||||||||||
| % change, quarter on quarter | 0.2 | -0.3 | -0.3 | 0.6 | 0.1 | 0.3 | 0.3 | 0.2 | 0.2 | 0.2 | 0.3 | 0.3 |
| % change, year on year | -1.2 | -1.0 | -0.8 | 0.1 | 0.0 | 0.7 | 1.3 | 0.9 | 1.0 | 0.9 | 0.9 | 1.0 |
| Producer prices | ||||||||||||
| % change, quarter on quarter | 0.3 | 0.6 | -0.2 | 0.3 | 1.1 | 1.1 | 0.6 | 0.2 | 0.1 | 0.1 | 0.2 | 0.2 |
| % change, year on year | -1.7 | 0.2 | -0.1 | 0.9 | 1.7 | 2.3 | 3.1 | 3.0 | 2.0 | 1.0 | 0.6 | 0.6 |
| Exchange rate ¥:US$ | ||||||||||||
| Average | 90.65 | 92.02 | 85.86 | 82.59 | 82.21 | 83.05 | 82.28 | 81.71 | 81.54 | 81.36 | 81.08 | 80.82 |
| End-period | 93.25 | 88.60 | 83.40 | 81.45 | 82.63 | 82.67 | 82.00 | 81.62 | 81.45 | 81.22 | 80.95 | 80.91 |
| Interest rates (%; av) | ||||||||||||
| Money market rate | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.3 | 0.4 | 0.5 | 0.5 | 0.7 | 0.8 |
| Long-term bond yield | 1.3 | 1.2 | 1.0 | 1.1 | 1.3 | 1.3 | 1.4 | 1.4 | 1.3 | 1.3 | 1.3 | 1.3 |
Download the numbers in Excel
© 2011 The Economist lntelligence Unit Ltd. All rights reserved
Whilst every effort has been taken to verify the accuracy of this information, The Economist lntelligence Unit Ltd. cannot accept any responsibility or liability for reliance by any person on this information